502 S Union St Warsaw, IN 46580

Fully occupied Four-unit apartment building in Warsaw with value-add potential. Rents are at market rates. 2 of the 4 tenants have been there longer than 2 years. Property is a C class property renting to tenants on a 2 of the 4 on a weekly basis, which increases rent since there are 4.33 weeks in a month. Utilities are included in rent, which makes it for an easy rent to the lower income bad credit market. Utilities (Nipsco) ARE separately metered, water is not. A section of the property has recently received a new metal roof. Proof of funds required with offers. The building is FULLY occupied, AND comes with additional cash flow via coin washer and dryer (Up to $300 a month which will pay the property tax bill, water bill and some!) Here's your chance to start your own business!! Sellers may consider land contract/seller financing/master lease offers with sizable down payment. Seller to offer 90 day training/transition support. You won't find a higher cap rate building anywhere, even with the property manager in place, take over management yourself and drive that cap rate even higher! Rates going up = Higher rental demand! Walkthroughs are Set for Monday April 18th. Starting 502 S Union at 3:00pm-3:30 with 519 W Winona directly afterwards starting at 3:45-4:30.