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Timothy Hatcher

504 E. Center St.
Warsaw, IN 46580 

 HatcherRealEstate.com

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Listing 11 out of 62
$135,900 For Sale

109 N Washington Street
Warsaw, IN 46580

7 units | Multi Family Home
6599 sq ft - MLS# 201844236
Property Photo
1/2

Description

Check the numbers!! Offered at a 12% Cap rate with 7 total units and multiple streams of income this investment property may just be the piece your portfolio needs. Rented out on a weekly and monthly basis, most tenants have been there for 3 or 4+ years! So much character to be appreciated with this historic home. The main level apartment features many possibilities with nearly 1900 sq ft and up to 4 bedrooms and 2 baths. The upper level has 6 separate fully furnished bedrooms and two bathrooms. Long term owner is agreeable to continued management.

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: Active
  • County/Area: Kosciusko County
  • Zip Code: 46580
  • Year Built: 1910
  • Age: 109
  • Subdivision/Neighborhood: Hood & Britton
  • School District: Warsaw Community
  • Elementary School: Washington
  • Middle School: Edgewood
  • High School: Warsaw
  • Sq.Ft.: 3,578 sq ft
  • Stories: 2
  • Units: 7 units
  • Bedrooms: 9
  • Full Baths: 4
  • Basement: Crawl, Partial Basement, Yes
  • Garage: Garage, Off Street, Street
  • # of Parking Spaces: 2
  • Lot Size: 6599 sq ft
  • Baths: 4
  • # Above Grade Bedrooms: 9
  • # Electric Meters: 1
  • # Gas Meters: 1
  • # Of Microwaves: 6
  • # Of Ranges/Ovens: 1
  • # Of Refrigerators: 7
  • # Of W/D Hookups: 1
  • # Ttl Rooms Below Grade: 4
  • # Water Meters: 1
  • Amenities: Basement, Off Street Parking, Storage, Ceiling-9+, Pocket Doors, Porch Covered, Washer Hook-Up, Jack & Jill Bath
  • Annual Electric Expense: 3600
  • Annual Fuel Expense: 3600
  • Annual Insurance Expense: 2400
  • Annual Net Income: 19475
  • Annual Trash Expense: 600
  • Annual Water/Sewer Exp.: 2160
  • Approx. Lot Size Sqft: 6600
  • Basement/Foundation: Crawl, Partial Basement
  • Below Grade Unfin. Sqft: 868
  • Cooling: Window
  • Driveway: Aggregated
  • Electric Company: Nipsco
  • Exterior: Aluminum
  • Flooring: Mixed
  • Gas Company: Nipsco
  • Gross Monthly Income: 2834
  • Gross Monthly Rent: 2834
  • Heating/Fuel: Gas, Forced Air
  • Lease Term: Week To Week, Month To Month
  • Location: City/Town/Suburb
  • Lot Description: Slope, 0-2.9999
  • Lot Dimensions: 132x50
  • Main Level Sqft: 1889
  • Num. Of 3 Bedrooms: 1
  • Num. Of Efficiencies: 6
  • Num. Of Units Rented: 7
  • Number Of Buildings: 1
  • Owner Pays: Building Insurance, Cooling, Electric, Fuel, Heating, Lawn Maintenance, Sewer, Snow Removal, Tax, Trash Collection
  • Parking: Garage, Off Street, Street
  • Roof Material: Asphalt, Shingle
  • Sale Includes: Building, Lease
  • Sale/Rent/Auction: For Sale
  • Sewer: City
  • Tenant Pays: Deposit Value
  • Total Below Grade Sqft: 868
  • Total Finished Sqft: 3578
  • Total Sqft: 4446
  • Township: Wayne
  • Unit 1-# Of Bathrooms: 2
  • Unit 1-# Of Bedrooms: 3
  • Unit 1-# Of Rooms: 6
  • Unit 1-Garage/# Of Cars: 1
  • Unit 2-# Of Bathrooms: 1
  • Unit 2-# Of Bedrooms: 1
  • Unit 2-# Of Rooms: 1
  • Unit 3-# Of Bathrooms: 1
  • Unit 3-# Of Bedrooms: 1
  • Unit 3-# Of Rooms: 1
  • Unit 4-# Of Bathrooms: 1
  • Unit 4-# Of Bedrooms: 1
  • Unit 4-# Of Rooms: 1
  • Unit 5-# Of Bathrooms: 1
  • Unit 5-# Of Bedrooms: 1
  • Unit 5-# Of Rooms: 1
  • Unit 6-# Of Bathrooms: 1
  • Unit 6-# Of Bedrooms: 1
  • Unit 6-# Of Rooms: 1
  • Upper Level Sqft: 1689
  • Water Company: Indiana American Water Co
  • Water Utility: City
Courtesy of Re/Max Results- Warsaw, James Bausch



 Hatcher Real Estate LLC | 574-267-0013 | Contact Me
504 E Center St Warsaw, IN 46580
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