Investor opportunity! This 12-unit multi-family property offers strong in-place income with significant upside potential. Currently generating $82,200 annually with approximately $55,000 AGI, the property includes 10 occupied units and 2 units ready for renovation and lease-up, including one vacant unit awaiting finishing touches. Recent electrical improvements allow for future separation of utilities, creating an opportunity to substantially reduce expenses and increase NOI. Additional features include a pole barn for added income potential, a durable rubber roof, and a boiler approximately 8"10 years old. Ideal for a 'buy and improve investor looking to build equity and boost returns.
Listed By
Broker Name: RE/MAX Results
Broker Phone: 574-533-9581
Agent Name: Steve Miller
Shown By
Agent Name: Andrew Whitmer
Agent Phone: (574) 780-4740
Broker Title: Cressy & Everett Real Estate
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701 W Beardsley Avenue, Elkhart, IN 46514.
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