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 needing improvements for occupancy?providing immediate value-add potential. Recent electrical improvements allow for future utility separation, 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.
Listed By
Broker Name: RE/MAX Results
Broker Contact: Office: 574-533-9581
Agent Name: Steve Miller
Shown By
Agent Name: Tara Lochmandy
Agent Phone: (574) 849-4220
Broker Title: Cressy & Everett Real Estate
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701 W Beardsley Avenue, Elkhart, IN 46514.
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