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.
Listing courtesy of James Bausch from RE/MAX Results- Warsaw
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