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

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$499,000
Status: Under Contract
701 W Beardsley Avenue Elkhart, IN 46514
  • 16
    Bedrooms
  • 12
    Total Baths
  • 10,290
    Square Feet
  • 0.32
    Acres
  • 1900
    Year Built
  • HOA

Property Description

*Multiple Offer Deadline - 4/23/26 10pm, Response 4/24/26*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 in need of improvements for occupancy?providing immediate value-add potential. Recent electrical improvements allow for future separation of utilities, 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.

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Listed By / Shown By

Listed By

Broker Name: RE/MAX Results
Broker Contact: Office: 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: 202613609
Subdivision:
County: Elkhart
Bedrooms: 16
Total Square Feet: 10,290
Style: Apartment Building
New Constuction: No
Construction: Brick
Waterfront: No
Property Type: Multi Unit - Multiple
Basement: Full Basement, Outside Entrance
Basement: Yes
Cooling: Window
Heating: Gas, Forced Air, Multiple Heating Systems
Lot Size: 0.32 Acres
Stories: 2.0
Year Built: 1900

Feature Descriptions

Above Grade Finished SQFT: 10290
Amenities: Basement, Off Street Parking
Days on CressyEverett.com: 50
Exterior: Brick
Home Style: Apartment Building
Location: City/Town/Suburb
Lot: 0-2.9999
Lot Dimensions: .32 acre
Owner Pays: Building Insurance, Electric, Heating, Maintenance, Sewer, Water
Sale Inclusions: Building, Land
Sewer: City
Total Finished SQFT: 10290
Units: 12
Water: City

Location

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Estimated Payment

$ 2,616.48 per month $2,470.94 Principal & Interest $0.00 Property Tax (data not provided by mls) $145.54 Homeowner's Insurance

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