About 316 S Washington Street
This 6-unit brick investment property offers an excellent opportunity to grow your portfolio with strong income potential and recent updates already in place! Over the last 18 months, many improvements have been completed throughout the property, including updated paint, durable and easy-to-maintain LVP flooring, new roof, and more. Five units feature 1 bedroom and 1 bathroom with practical layouts designed for comfortable everyday living and an efficiency unit rounds out the property. Investors will appreciate the attractive 12.94% CAP rate along with the low-maintenance brick exterior. Conveniently located near Downtown Warsaw, tenants can enjoy easy access to local shopping, restaurants, parks, and other amenities. Whether you’re looking to expand your rental portfolio or step into multifamily investing, this property offers strong returns and upside potential!
Features of 316 S Washington Street
| MLS® # | 202619931 |
|---|---|
| Price | $360,000 |
| Bedrooms | 6 |
| Bathrooms | 6.00 |
| Full Baths | 6 |
| Square Footage | 2,836 |
| Acres | 0.20 |
| Year Built | 1873 |
| Type | Multifamily |
| Sub-Type | Sixplex |
| Status | Active |
Community Information
| Address | 316 S Washington Street |
|---|---|
| Subdivision | Hood & Britton |
| City | Warsaw |
| County | Kosciusko County |
| State | IN |
| Zip Code | 46580 |
Amenities
| Features | Off Street Parking, Eat-In Kitchen |
|---|---|
| Parking Spaces | 6 |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior | Carpet, Vinyl |
|---|---|
| Heating | Gas, Forced Air |
| Cooling | Central Air |
| # of Stories | 2 |
| Stories | Two Story |
| Has Basement | Yes |
| Basement | Crawl, Partial Basement |
Exterior
| Exterior | Brick |
|---|---|
| Lot Description | Corner, 0-2.9999 |
| Construction | No |
School Information
| District | Warsaw Community |
|---|---|
| Elementary | Washington |
| Middle | Edgewood |
| High | Warsaw |
Additional Information
| Days on Market | 110 |
|---|---|
| Foreclosure | No |
| RE / Bank Owned | No |
| HOA Fees Freq. | Not Applicable |
Listing Details
| Agent | James Bausch |
|---|---|
| Office | RE/MAX Results |
| Contact Info | Cell: 574-742-4531 |