BEDS16
BATHS12 full
SQUARE FEET10,290
MLS#202613609
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SCHOOLElkhart Community Schools
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 in need of improvements for occupancy?providing immediate value-add potential. Recent electrical improvements allow for future separation of utilities, 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: Multi Unit - Multiple
Basement: Full Basement, Outside Entrance
Basement: Yes
Cooling: Window
Days on Market: 7
Heating: Gas, Forced Air, Multiple Heating Systems
Home Style: Apartment Building
Lot Size: 0.32 Acres
Stories: 2.0
Year Built: 1900
Feature Descriptions
Above Grade Finished SQFT: 10290
Amenities: Basement, Off Street Parking
Exterior: Brick
Location: City/Town/Suburb
Lot: 0-2.9999
Lot Dimensions: .32 acre
Owner Pays: Building Insurance, Electric, Heating, Maintenance, Sewer, Water
Sale Inclusions: Building, Land
Sewer: City
Total Finished SQFT: 10290
Units: 12
Water: City
Local Schools
High School: Elkhart
Middle School: West Side
Elementary School: Mary Daly
School District: Elkhart Community Schools
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:
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS
Estimate Your Payment
Estimated Payment
$ 2,240.01 per month $2,094.46 Principal & Interest $0.00 Property Tax (data not provided by mls) $145.54 Homeowner's Insurance