748 N Lake Street, Warsaw, IN 46580

$249,000
6
BD
4
BA
4,655
SqFt
List Price
$249,000
Status
ACTIVE
MLS#
202121570
Price Change
▼ $26,000 1624296226
Style
Two Story
Year Built
1900
Days On Market
15
Bedrooms
6
Bathrooms
4
Living Area
4,655
Above grade
3009
Township
Wayne
Subdivision
Hood & Britton

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.

Additional Information

Acres
0.24
Taxes
$1,500
Exterior
Aluminum
Water
Lake
Heating
Gas, Forced Air
Cooling
Window
Appliances
Building, Land, Lease
Flooring
Carpet, Wood
Amenities
Off Street Parking, Water Heater Gas
School District
Warsaw Community
Elementary School
Washington
Middle School
Edgewood
High School
Warsaw
Agent Name
James Bausch

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

IDX information is provided by the Indiana Regional MLS and is exclusively for the 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.

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