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$249,000 $26,000on 6/21/2021

748 N Lake Street Warsaw, IN 46580-2685

  • 6 Beds
  • 4 Baths
  • 4,655 sq. Ft
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Property Description
Finally there’s a multi-family investment property available on the market!  Introducing 'Lake View Apartments' a four unit value-add building with 66 feet of Center Lake frontage. The extra large main floor apartment has nearly 1900 sq feet and lends itself towards owner occupancy with the opportunity to have other tenants pay living expenses or as the anchor to this solid investment.   All units are in tenantable condition and are below market rents.  Take advantage of the opportunity to increase rents as-is or to renovate and significantly increase rents.  There is even potential for redevelopment into Short Term Rentals and see a tremendous return on your investment by inviting guests to enjoy the waterfront property. Lake View Apartments are within walking distance to downtown restaurants, shopping, and Center Lake Park where many community events can be enjoyed. Separately metered units means tenants are paying their own gas & electric.
Address:748 N Lake Street Warsaw IN 46580-2685
Status:Active
on site: 15 days
Price:$249,000
Bedrooms:6 Beds
Bathrooms:4 Full Baths
Sq. Feet:4,655
Year Built:1900
Lot Size:0.24
County: Kosciusko County
Township: Wayne
School System : Warsaw Community
MLS #:202121570
Property Type:Fourplex

Lot Dimensions:152x66
Directions:Head E on W Winona Ave Turn left onto S Lake St In 0.7 miles, property is on the right.
Total Sq. Ft. :4,655
Basement:Yes
Loan Price
$1,653
Price And Interest $1,299/month
Property Tax $250/month
MTG INS $0/month
HOME INS $104/month
Price
$249,000
Down Payment %
0 %
Down Payment
$0
Property Taxes
$250/month
Home Owner Insurance
$1,248 / year
HOA Dues
$0 / Month
Interest Rate
4.75 %
Mortgage Ins.
$0 / year
YEARS
Tucker Customer Care
Tucker Mortgage
Office +317-472-9201
Courtesy of Tucker Mortgage
DateOld PriceNew PricePercent Change
06/21/21 $275,000 $249,000 -9.45%
RoomSizeLevel
4th Bedroom 3 x 3 Info Not Available
5th Bedroom 4 x 4 Info Not Available
Family Room 500 x 500 Info Not Available
Annual Property Tax:$1,500
Tax Year:2021
City:Warsaw
Subdivision: Hood & Britton
Zip Code:46580-2685
School System:Warsaw Community
High School:Warsaw
Middle School:Edgewood
Elementary School:Washington
Total Sq. Ft.:4,655
Tucker Customer Care, REALTOR®/Broker, F. C. Tucker Company, Inc.
Tucker Customer Care
Additional Phone (317) 954-4768
F.C. Tucker Company, Inc
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Listing provided courtesy of 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, Inc. 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.