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701 W Beardsley Avenue, Elkhart, IN 46514 Photo
701 W Beardsley Avenue, Elkhart, IN 46514 Photo
701 W Beardsley Avenue, Elkhart, IN 46514 Photo
701 W Beardsley Avenue, Elkhart, IN 46514 Photo
701 W Beardsley Avenue, Elkhart, IN 46514 Photo
701 W Beardsley Avenue, Elkhart, IN 46514 Photo
701 W Beardsley Avenue, Elkhart, IN 46514 Photo
701 W Beardsley Avenue, Elkhart, IN 46514 Photo
701 W Beardsley Avenue, Elkhart, IN 46514 Photo
701 W Beardsley Avenue, Elkhart, IN 46514 Photo

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$499,000
Status: Active
701 W Beardsley Avenue Elkhart, IN 46514
  • Bedrooms
  • Total Baths
  • Square Feet
  • 0.32
    Acres
  • 1950
    Year Built
  • HOA

Property Description

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.

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Listed By / Shown By

Listed By

Broker Name: RE/MAX Results
Broker Phone: 574-533-9581
Agent Name: Steve Miller

Shown By

Broker Title: Cressy & Everett Real Estate
Broker Phone:

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Property Features

MLS Number: 202613041
Subdivision:
County: Elkhart
Bedrooms: 0
Total Square Feet: 0
New Constuction: No
Construction: Brick
Waterfront: No
Property Type: Commercial - Business
Basement: Yes
Cooling: None
Heating: Electric, Gas, Forced Air, Multiple Heating Systems
Lot Size: 0.33 Acres
Roof Type: Shingle
Year Built: 1950

Feature Descriptions

Basement/ Foundation: Full Basement, Unfinished
Days on CressyEverett.com: 4
Exterior: Brick
Location: City
Lot Dimensions: 176 x 83
Sale Inclusions: Building
Sewer: City
Water: City

Location

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