NOT LISTED FOR SALE

706 Ross Ave Warsaw, IN 46580

8 Beds
4.5 Baths
4,358 Sq Ft
0.65 Acres

Last Sold January 05, 2024

Last sale price $430,000 $99 Per Sq Ft

66 Days on Market

Highlights

  • 165 Feet of Waterfront
  • Lake Property
  • Forced Air Heating and Cooling System
  • Warsaw Community High School Rated A-
  • Balcony
  • Ceiling Fan

About This Home

As of January 2024

Beautiful lakefront investment property boasting views of Pike Lake from every apartment! This impressive brick building accommodates four 2 bedroom 1 bathroom units with washer and dryer in each. The carport offers tenants sought after shelter from the elements. Each unit is separately metered so tenants pay their own utilities. Owner currently pays sewer, trash, lawn care, and snow removal. One unit is currently rented at $1100 and the other two at $1000/month leaving room for increases, plus the opportunity to bill back for water and other utilities. Additionally there is also income potential to lease out pier spaces. Recent improvements include a new metal roof three years ago and a new A/C unit this year.

Last Agent to Sell the Property

James Bausch

RE/MAX Results- Warsaw Brokerage Phone: 574-742-4531 Listed on: 10/31/2023

RE/MAX Results- Warsaw

Last Buyer's Agent

James Bausch

RE/MAX Results- Warsaw Brokerage Phone: 574-742-4531 Listed on: 10/31/2023

RE/MAX Results- Warsaw

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,305

Year Built

  • Built in 1969

Lot Details

  • 0.65 Acre Lot
  • Lot Dimensions are 132x213.7
  • 165 Feet of Waterfront
  • Lake Front

Home Design

  • Quadruplex
  • Brick Exterior Construction
  • Metal Roof

Interior Spaces

  • 2-Story Property
  • Ceiling Fan
  • Crawl Space

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 8 Bedrooms

Laundry

  • Laundry in Bathroom
  • Washer Hookup

Parking

  • 8 Car Garage
  • Carport
  • Off-Street Parking

Outdoor Features

  • Sun Deck
  • Lake Property
  • Lake, Pond or Stream
  • Balcony

Schools

  • Harrison Elementary School
  • Lakeview Middle School
  • Warsaw High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Private Water Source
  • Private Company Owned Well

Listing and Financial Details

  • Tenant pays for cooling, electric, heating
  • The owner pays for lawn maintenance, sewer, trash collection
  • Assessor Parcel Number 43-11-05-200-265.000-032

Community Details

Overview

  • 4 Units
  • Lakeside Park Subdivision

Pet Policy

  • Pet Restriction

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • Electric Expense $720
  • Insurance Expense $5,140
  • Water Sewer Expense $2,040

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,305

Year Built

Built in 1969

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Fourplex
  • Waterfront: Yes
  • Year Built: 1969
  • Age: 55
  • Style: Two Story
  • Bedrooms: 8
  • Number Above Grade Bedrooms: 8
  • Total Bathrooms: 5
  • Total Full Bathrooms: 4
  • Total Number of Half Bathrooms: 1
  • Legal Description: 4-20-135 LOTS 247 248 & 249 & VAC ST TO WATERS EDGE LAKESIDE PARK
  • Parcel Number ID: 43-11-05-200-265.000-032
  • Platted: Yes
  • Amenities: Ceiling Fan, Off Street Parking, Near Walking Trail, Balcony, Deck Open, Deck on Waterfront, Washer Hook-Up
  • Cross Street: Park Ave
  • Grid: 15 - Central Kosc. Water
  • Sp Lp Percent: 100
  • Monthly Gross Income: 4200
  • Year Taxes Payable: 2023
  • Special Features: None

Interior Features

  • Total Sq Ft: 4358
  • Total Finished Sq Ft: 4358
  • Above Grade Finished Sq Ft: 4358
  • Price Per Sq Ft: 98.67
  • Basement Foundation: Crawl
  • Flooring: Carpet, Laminate
  • Main Level Sq Ft: 2291
  • Number Of Microwaves: 4
  • Number Of Ranges Ovens: 4

Exterior Features

  • Exterior: Brick
  • Roof Material: Metal
  • Lake Type: Non Ski Lake
  • Water Frontage: 165
  • Water Name: Pike Lake
  • Stories: 2

Garage/Parking

  • Number Of Parking Spaces: 8
  • Parking: Off Street, Paved, Private

Utilities

  • Cooling: Central Air
  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: Private
  • Electric Company: NIPSCO
  • Gas Company: NIPSCO
  • Water Type: Lake
  • Well Type: Private
  • Annual Electric: 720
  • Annual Insurance Expense: 5140
  • Annual Water Sewer Expense: 2040
  • Number Electric Meters: 4
  • Number Gas Meters: 4
  • Number Of W D Hookups: 4

Condo/Co-op/Association

  • Pet Restrictions: Yes

Schools

  • School District: Warsaw Community
  • Elementary School: Harrison
  • Middle School: Lakeview
  • High School: Warsaw
  • Elementary School: Harrison

Lot Info

  • Lot Description: Lake, 0-2.9999
  • Lot Dimensions: 132X213.7
  • Estimated Lot Sq Ft: 28314
  • Estimated Lot Size Acres: 0.65
  • Lot Number: 247

Rental Info

  • Lease Term: 1 Year
  • Owner Pays: Lawn Maintenance, Sewer, Trash Collection
  • Tenant Pays: Cooling, Electric, Heating

Multi Family

  • Water Access: Lakefront
  • Gross Monthly Rent: 4200
  • Number Of Dryers: 4
  • Number Of Refrigerators: 4
  • Number Of Units: 4
  • Number Of Washers: 4
  • Num Of2 Bedrooms: 4
  • Num Of Units Rented: 3

Tax Info

  • Annual Property Tax: 5305

MLS Schools

  • High School: Warsaw
  • Middle School: Lakeview
  • School District: Warsaw Community

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/05/2024 01/05/24 Sold $430,000 0.0% $99 / Sq Ft
01/05/2024 01/05/24 Pending -- -- --
10/31/2023 10/31/23 For Sale $430,000 +4.9% $99 / Sq Ft
11/15/2022 11/15/22 Sold $410,000 -10.9% $179 / Sq Ft
10/02/2022 10/02/22 Pending -- -- --
09/04/2022 09/04/22 For Sale $459,900 0.0% $201 / Sq Ft
08/21/2022 08/21/22 Pending -- -- --
08/15/2022 08/15/22 For Sale $459,900 -- $201 / Sq Ft
Source: Indiana Regional MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • James Bausch

    Seller's Agent in 2024

    James Bausch

    RE/MAX

    (574) 551-6051

    335 Total Sales

    James Bausch
    Section Image
  • Karin Hamilton

    Seller's Agent in 2022

    Karin Hamilton

    Hamilton Real Estate Group LLC

    (574) 269-4000

    83 Total Sales

    Karin Hamilton
    Section Image
See All Agents

Map

Source: Indiana Regional MLS

MLS Number: 202339976

Indiana Regional MLS
Indiana Kosciusko County Warsaw 46580

706 Ross Ave, Warsaw, IN

This home is located at 706 Ross Ave, Warsaw, IN 46580 since 31 October 2023. This property was built in 1969. 706 Ross Ave is a home located in Kosciusko County with nearby schools including Harrison Elementary School, Lakeview Middle School, and Warsaw Community High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Indiana Regional MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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