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407 Wooster Road, Winona Lake, IN 46590 Photo
407 Wooster Road, Winona Lake, IN 46590 Photo
407 Wooster Road, Winona Lake, IN 46590 Photo
407 Wooster Road, Winona Lake, IN 46590 Photo
407 Wooster Road, Winona Lake, IN 46590 Photo
407 Wooster Road, Winona Lake, IN 46590 Photo
407 Wooster Road, Winona Lake, IN 46590 Photo
407 Wooster Road, Winona Lake, IN 46590 Photo
407 Wooster Road, Winona Lake, IN 46590 Photo
407 Wooster Road, Winona Lake, IN 46590 Photo
407 Wooster Road, Winona Lake, IN 46590 Photo
407 Wooster Road, Winona Lake, IN 46590 Photo
407 Wooster Road, Winona Lake, IN 46590 Photo
407 Wooster Road, Winona Lake, IN 46590 Photo
407 Wooster Road, Winona Lake, IN 46590 Photo
407 Wooster Road, Winona Lake, IN 46590 Photo
407 Wooster Road, Winona Lake, IN 46590 Photo
407 Wooster Road, Winona Lake, IN 46590 Photo
407 Wooster Road, Winona Lake, IN 46590 Photo
407 Wooster Road, Winona Lake, IN 46590 Photo
407 Wooster Road, Winona Lake, IN 46590 Photo
407 Wooster Road, Winona Lake, IN 46590 Photo
407 Wooster Road, Winona Lake, IN 46590 Photo
407 Wooster Road, Winona Lake, IN 46590 Photo
407 Wooster Road, Winona Lake, IN 46590 Photo
407 Wooster Road, Winona Lake, IN 46590 Photo
407 Wooster Road, Winona Lake, IN 46590 Photo
407 Wooster Road, Winona Lake, IN 46590 Photo
407 Wooster Road, Winona Lake, IN 46590 Photo
407 Wooster Road, Winona Lake, IN 46590 Photo
407 Wooster Road, Winona Lake, IN 46590 Photo
407 Wooster Road, Winona Lake, IN 46590 Photo
407 Wooster Road, Winona Lake, IN 46590 Photo
407 Wooster Road, Winona Lake, IN 46590 Photo
407 Wooster Road, Winona Lake, IN 46590 Photo
407 Wooster Road, Winona Lake, IN 46590 Photo
407 Wooster Road, Winona Lake, IN 46590 Photo
407 Wooster Road, Winona Lake, IN 46590 Photo
407 Wooster Road, Winona Lake, IN 46590 Photo
407 Wooster Road, Winona Lake, IN 46590 Photo
407 Wooster Road, Winona Lake, IN 46590 Photo
407 Wooster Road, Winona Lake, IN 46590 Photo
407 Wooster Road, Winona Lake, IN 46590 Photo
407 Wooster Road, Winona Lake, IN 46590 Photo
407 Wooster Road, Winona Lake, IN 46590 Photo
407 Wooster Road, Winona Lake, IN 46590 Photo
407 Wooster Road, Winona Lake, IN 46590 Photo
407 Wooster Road, Winona Lake, IN 46590 Photo
407 Wooster Road, Winona Lake, IN 46590 Photo
407 Wooster Road, Winona Lake, IN 46590 Photo
407 Wooster Road, Winona Lake, IN 46590 Photo
407 Wooster Road, Winona Lake, IN 46590 Photo
407 Wooster Road, Winona Lake, IN 46590 Photo
407 Wooster Road, Winona Lake, IN 46590 Photo
407 Wooster Road, Winona Lake, IN 46590 Photo
407 Wooster Road, Winona Lake, IN 46590 Photo
407 Wooster Road, Winona Lake, IN 46590 Photo
407 Wooster Road, Winona Lake, IN 46590 Photo
407 Wooster Road, Winona Lake, IN 46590 Photo
407 Wooster Road, Winona Lake, IN 46590 Photo
407 Wooster Road, Winona Lake, IN 46590 Photo
407 Wooster Road, Winona Lake, IN 46590 Photo
407 Wooster Road, Winona Lake, IN 46590 Photo
407 Wooster Road, Winona Lake, IN 46590 Photo
407 Wooster Road, Winona Lake, IN 46590 Photo
407 Wooster Road, Winona Lake, IN 46590 Photo
407 Wooster Road, Winona Lake, IN 46590 Photo
407 Wooster Road, Winona Lake, IN 46590 Photo
407 Wooster Road, Winona Lake, IN 46590 Photo
407 Wooster Road, Winona Lake, IN 46590 Photo
407 Wooster Road, Winona Lake, IN 46590 Photo
407 Wooster Road, Winona Lake, IN 46590 Photo
407 Wooster Road, Winona Lake, IN 46590 Photo
407 Wooster Road, Winona Lake, IN 46590 Photo
407 Wooster Road, Winona Lake, IN 46590 Photo
407 Wooster Road, Winona Lake, IN 46590 Photo
407 Wooster Road, Winona Lake, IN 46590 Photo
407 Wooster Road, Winona Lake, IN 46590 Photo
407 Wooster Road, Winona Lake, IN 46590 Photo
407 Wooster Road, Winona Lake, IN 46590 Photo
407 Wooster Road, Winona Lake, IN 46590 Photo
407 Wooster Road, Winona Lake, IN 46590 Photo
407 Wooster Road, Winona Lake, IN 46590 Photo
407 Wooster Road, Winona Lake, IN 46590 Photo
407 Wooster Road, Winona Lake, IN 46590 Photo
407 Wooster Road, Winona Lake, IN 46590 Photo
407 Wooster Road, Winona Lake, IN 46590 Photo
407 Wooster Road, Winona Lake, IN 46590 Photo
407 Wooster Road, Winona Lake, IN 46590 Photo
407 Wooster Road, Winona Lake, IN 46590 Photo
407 Wooster Road, Winona Lake, IN 46590 Photo
407 Wooster Road, Winona Lake, IN 46590 Photo

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$325,000
Status: Active
407 Wooster Road Winona Lake, IN 46590
  • 5
    Bedrooms
  • 5
    Total Baths
  • 4,047
    Square Feet
  • 0.29
    Acres
  • 1948
    Year Built
  • —
    HOA

Property Description

Investment Opportunity! Location, Location, Location! Grace College is directly across the street, making this an attractive rental location. The Village at Winona is just a short walk away, offering restaurants, shopping, and entertainment. Tenants can also enjoy easy access to the area's popular biking and walking trails at the edge of campus. Previously owner-occupied with the additional units rented out, this property provides the opportunity to live in one unit while your tenants help pay the mortgage! Whether you're looking to expand your investment portfolio or offset your own housing expenses, this property offers flexibility and room to increase revenue. Unit 1 is the spacious main residence, featuring beautiful hardwood flooring, 2 bedrooms, and 1.5 bathrooms. A generous living room showcases a feature fireplace and built-in bookshelves, while the large separate dining room provides plenty of space for entertaining. The kitchen offers abundant cabinetry for storage and organization. Upstairs, you'll find two generously sized bedrooms and a full bathroom. In the past, the dining room has also served as a third bedroom, offering additional flexibility. Unit 2 is located in the walkout lower level and features 1 bedroom and 1 bathroom. Unit 3, also located in the walkout lower level, enjoys peaceful views of the backyard and mature shade tree. This 1-bedroom, 1-bathroom unit features a charming eat-in kitchen with a pantry for extra storage. Unit 4 is situated above the garages and offers hardwood flooring, an open-concept living, dining, and kitchen area with 1 bedroom and 1 bathroom. Additional Income Potential! The spacious breezeway offers the possibility of adding coin-operated laundry machines for tenants, while two garage bays could potentially be rented separately for additional storage income. Units 1 and 2 are currently vacant, providing an opportunity for immediate occupancy or securing new tenants. All four units have historically been rented below market value, creating potential for increased rental income. Tenants currently pay their own electricity, while the landlord covers the remaining utilities. Future leases could potentially incorporate utility bill-backs to help offset operating expenses. Four units, multiple income opportunities, and an unbeatable location near Grace College and Winona Lake amenities! Live in one and rent the others, or maximize the property's potential as a fully leased investment.

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Listed By / Shown By

Listed By

Broker Name: RE/MAX Results
Broker Contact: Cell: 574-742-4531
Agent Name: James Bausch

Shown By

Broker Title: Cressy & Everett Real Estate
Broker Phone: 888-988-0838

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

Property Features

MLS Number: 202643295
Subdivision: Farmstead
County: Kosciusko
Bedrooms: 5
Total Square Feet: 4,047
Style: Fourplex
New Constuction: No
Construction: Stone
Waterfront: No
Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Full Basement, Partially Finished
Cooling: Central Air, Window
Heating: Gas, Forced Air
Lot Size: 0.29 Acres
Roof Type: Asphalt
Stories: 2.0
Year Built: 1948

Feature Descriptions

Above Grade Finished SQFT: 2580
Amenities: Basement, Ceiling Fan, Off Street Parking, Built-In Bookcase, Eat-In Kitchen, Washer Hook-Up
Below Grade Finished SQFT: 1467
Days on CressyEverett.com: 1
Exterior: Stone
Home Style: Fourplex
Lot: 0-2.9999
Lot Dimensions: 100X127
Owner Pays: Heating, Lawn Maintenance, Sewer, Trash Collection, Water
Sale Inclusions: Building, Land
Sewer: City
Tenant Pays: Electric
Total Finished SQFT: 4047
Units: 4
Water: City

Location

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Estimated Payment

$ 1,704.12 per month $1,609.33 Principal & Interest $0.00 Property Tax (data not provided by mls) $94.79 Homeowner's Insurance

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