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$280,000

322 S Columbia Street Warsaw, IN  46580-4376

  • 5 Beds
  • 4 Baths
  • 2,988 sq. Ft

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Property Description for 322 S Columbia Street Warsaw, IN 46580-4376

Don't miss out on this exceptional opportunity to enhance your investment portfolio with a fully occupied, updated four-unit apartment, offered at an impressive 11.75% CAP rate. With traditional financing, you can secure nearly a 17% cash on cash return, even after accounting for vacancy, property management, and CapEx. This property is a lucrative addition to any investment strategy. Numerous updates have been made throughout the property, including complete renovations of the detached apartment (Unit D), as well as refreshing flooring, paint, kitchens, baths, and appliances in other units. These enhancements ensure tenant satisfaction and maximize rental potential. For investors seeking a broader portfolio, this property is also available as part of a 14-unit, 3-property portfolio for $960,000, boasting an impressive 12.55% CAP rate and returns exceeding 20%. Check MLS #202405089 for more details. The seller strongly prefers to sell via the entire package, presenting an opportunity to capitalize on a diverse portfolio of income-generating properties. Don't let this opportunity slip away. Take action today to enhance your financial position with this investment opportunity.

Address:322 S Columbia Street Warsaw IN 46580-4376
Status:Active
on site: 81 days
Price:$280,000
Bedrooms:5 Beds
Bathrooms:4 Full Baths
Sq. Feet:2,988
Year Built:1890
Lot Size:0.20
County: Kosciusko County
Township: Wayne
School System : Warsaw Community
MLS #:202405091
Property Type:Fourplex

Lot Dimensions:66X132
Directions:From Detroit St - IN 15, head south, turn right onto E Winona Ave, turn right onto S Columbia St, property is on the left
Total Sq. Ft. :2,988
Basement:Yes

Loan Price
$1,761
Price And Interest $1,461/month
Property Tax $183/month
MTG INS $0/month
HOME INS $117/month
Price
$280,000
Down Payment %
0 %
Down Payment
$0
Property Taxes
$183/month
Home Owner Insurance
$1,404 / year
HOA Dues
$0 / Month
Interest Rate
4.75 %
Mortgage Ins.
$0 / year
YEARS

RoomSizeLevel
3rd Bedroom null x 1 Info Not Available
4th Bedroom 2 x 2 Info Not Available
5th Bedroom 4 x 4 Info Not Available
Kitchen 1251 x null Info Not Available
Family Room 1524 x 1356 Info Not Available

Semi-Annual Property Tax:$1,100
Tax Year:2024
Mandatory HOA Fee:$

City:Warsaw
Subdivision: Hood & Britton
Zip Code:46580-4376

School System:Warsaw Community
High School:Warsaw
Middle School:Edgewood
Elementary School:Washington

Total Sq. Ft.:2,988
Tucker Customer Care, REALTOR®/Broker, F. C. Tucker Company
Tucker Customer Care
Additional Phone (317) 954-4768
F.C. Tucker Company

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Schools in 322 S Columbia Street Warsaw, IN  46580-4376


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Listing provided courtesy of James Bausch with RE/MAX Results- Warsaw

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program. Real estate listings held by IDX Brokerage firms other than F.C. Tucker Company include the name of the listing IDX broker. This information is provided exclusively for personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The broker providing this data believes it to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Information deemed reliable but is not guaranteed.



Warsaw Market Report

125
Avg. DOM
$174.03
Avg. $ / Sq.Ft.
$ 277,000
Med. List Price

The house prices in Warsaw are not dropping at the moment. There has been a increase in price of $4,160.16. There are several factors that can cause a price drop. Higher mortgage rates, lower demand, prices of comparable properties can all cause the price of a house to drop.

The housing market and house prices in Warsaw are going Up. The average house price is $298,000.00 and the average price per square feet is $169.59 per square feet. At the moment, the amount of homes listed is exactly 319 houses, with 111 with active status, 26 with pending status and 182 sold in Warsaw .

The most popular place to buy a home in Warsaw is . is where we have the most properties listed and there seems to be the most demand to buy a house. Some people love to live in the most popular areas of a city, and others prefer to live in an area that is less busy. Regardless of your preference, we have a vast variety of listings and agents to help you find a house in Warsaw .

The average amount of property taxes you would have to pay for a home in Warsaw is $2,127.23. It is important to consider property taxes when purchasing a home. Property taxes are tied to the value of the home. The more expensive the home is, the higher the taxes will be.

Properties in Warsaw are staying listed for an average of 65 days. A good way to tell if you are in a buyer's or seller's market is to look at the average days on market for homes in the area. A low number of average days on market indicate a seller's market whereas a high number of average days on market indicate a buyer's market.

The last home listed in Warsaw was 710 minutes ago.

At the moment we have 2 open houses that you can visit.

The cost of the most expensive home in Warsaw is $675,900.00. There are several reasons to consider buying an expensive home. They typically have great amenities, will be in great condition, and have plenty of space inside and outside of the home. Expensive real estate usually appreciates very fast, making it a good investment if you can afford it.

The cost of the cheapest home in Warsaw is $79,900.00 . Buying a cheap house can have many benefits including keeping your payments low, allowing more room in your budget to customize or improve the house, as well as allowing you to pay of your mortgage faster.

The date of the oldest built home in Warsaw in year 1900 and the newest built house is in year 2024.

The average size of properties in Warsaw is 2063.66 sq.ft. , the biggest one being 4332 sq.ft. and the smaller being 600 sq.ft. . The size of your family and budget are important factors to consider when purchasing a home.