MLS#202613041
STATUSActive
PROPERTY TYPECommercial - Business
Property Description
Investor opportunity! This 12-unit multi-family property offers strong in-place income with significant upside potential. With a pro forma gross annual income exceeding $80,000, this property is well-positioned for growth. The building includes 9 leased units, 1 owner-occupied unit, and 2 vacant units needing improvements for occupancy?providing immediate value-add potential. Recent electrical improvements allow for future utility separation, offering a path to reduced expenses and increased NOI. Additional features include a pole barn, a durable rubber roof, and a boiler approximately 8"10 years old. Ideal for a buy-and-improve investor focused on building equity and maximizing returns.
Property Features
Property Type: Commercial - Business
Basement: Yes
Cooling: None
Days on Market: 7
Heating: Electric, Gas, Forced Air, Multiple Heating Systems
Lot Size: 0.33 Acres
Roof Type: Shingle
Year Built: 1950
Feature Descriptions
Basement/ Foundation: Full Basement, Unfinished
Exterior: Brick
Location: City
Lot Dimensions: 176 x 83
Sale Inclusions: Building
Sewer: City
Water: City
Listed By / Shown By
Listed By
Agency Name: RE/MAX Results
Agency Contact: Office: 574-533-9581
Agent Name: Steve Miller
Shown By
Agency Title: Collins & Company Realtors®
Agency Phone:
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