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684-670 Strong Avenue

Elkhart, IN 46514
  • $2,890,000
  • STATUS: Active
  • ON SITE: 46 Days
  • MLS #: 202401364
UPDATED: 32 min ago
$2,890,000
  • 32
    BEDS
  • 1
    ACRES
  • 32
    BATHS
  • 0
    1/2 BATHS
  • 22,020
    SQFT
Neighborhood:
Type:
Multi-Family
Built:
1926
County:
Area:

School Information

Elementary School:
Middle School:
High School:
School District:
Listing provided by Heidi Gaskill of Berkshire Hathaway HomeServices Elkhart: Office: 574-293-1010.

Description

INVESTMENT OPPORTUNITY! 8 multi family buildings/32 apartments with great cash flow. Average rent is $900/month/apartment. 9% cap rate. These would make a perfect 1031 exchange investment. Located in the popular Strong Avenue area of Elkhart. Close to the Riverwalk, Aquatic Center, restaurants, shops and all that downtown Elkhart has to offer.

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© 2024 Indiana Regional MLS All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from IRMLS. 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. Information is deemed reliable but is not guaranteed accurate by the MLS or Barnes Real Estate Services | North Eastern Group Realty. Data last updated: 2024-02-28T07:28:12.76.

www.housesinfortwayne.com/homes/146611317
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684-670 Strong Avenue Elkhart, IN 46514

  • Price: $2,890,000
  • Status: Active
  • On Site: 46 Days
  • Updated: 32 min ago
  • MLS #: 202401364
32
Beds
32
Baths
0
½ Baths
1
Acres
22,020
SQFT
$131
$/SQFT
1926
Built
Neighborhood:
None
County:
Elkhart
Area:
Elkhart
Elementary School:
Mary Daly
Middle School:
West Side
High School:
Elkhart
School District:
Elkhart Community Schools
Property Description
INVESTMENT OPPORTUNITY! 8 multi family buildings/32 apartments with great cash flow. Average rent is $900/month/apartment. 9% cap rate. These would make a perfect 1031 exchange investment. Located in the popular Strong Avenue area of Elkhart. Close to the Riverwalk, Aquatic Center, restaurants, shops and all that downtown Elkhart has to offer.
Exterior Features

Exterior Aluminum Lot Description Level Lot Dimensions 200 x 218 Outbuilding None Parking GravelOff StreetStreet Parking Spaces 32 Pool YN No Roof Material Asphalt Style Two Story Waterfront YN No

Interior Features

Above Grade Bedrooms 32 Above Grade Finished Sqft 22020 Above Grade Unfin Sq Ft 0 Amenities Off Street ParkingEat-In Kitchen Basement Foundation Michigan Basement Basement YN Yes Below Grade Baths 0 Below Grade Bedrooms 0 Below Grade Finished Sqft 0 Below Grade Unfin Sq Ft 9675 Cooling None Dishwashers 0 Disposals 0 Dryers 0 Flooring CarpetLaminate Heating Fuel Hot Water Microwaves 0 Ranges Ovens 32 Refrigerators 32 Rooms Below Grade 8 Total Baths 32 Total Below Grade Sqft 9675 Total Sq Ft 31695 Wash Dry Hookups 0 Washers 0

Property Features

Annual Electric Expense 0 Annual Fuel Expense 6648 Annual Gross Rent 315360 Annual Insurance Expense 6500 Annual Maint Expense 0 Annual Misc 0 Annual Net Income 280785 Annual Property Tax 16051 Annual Trash Expense 0 Annual Water Sewer Exp 5376 Assoc Dues Frequency Not Applicable Auction Y / N No Documents Available LBP FormSellers DisclosureRent Roll Efficiencies 0 Exemptions No Exemptions For Sale Or Rent For Sale Four Bedrooms 0 Gross Monthly Income 26280 Gross Monthly Rent 26280 Lease Term 1 Year New Construction No One Bedrooms 32 Owner Pays Building InsuranceFuelLawn MaintenanceSewerSnow RemovalTaxTrash CollectionWater Owner Real Estate License YN No Pet Restrictions YN No Planned Unit Dev YN No Property Sub Type Fourplex Proposed Financing CashConventional Reo YN No Sale Includes BuildingLease Sewer City Tenant Pays Electric Three Bedrooms 0 Township Concord Two Bedrooms 0 Units Rented 24 Water Utility City Year Taxes Payable 2023

Listing provided by Heidi Gaskill of Berkshire Hathaway HomeServices Elkhart: Office: 574-293-1010.

© 2024 Indiana Regional MLS All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from IRMLS. 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. Information is deemed reliable but is not guaranteed accurate by the MLS or Barnes Real Estate Services | North Eastern Group Realty.


© 2024 Indiana Regional MLS All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from IRMLS. 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. Information is deemed reliable but is not guaranteed accurate by the MLS or Barnes Real Estate Services | North Eastern Group Realty. Data last updated: 2024-02-28T07:28:12.76.

 
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Barnes Real Estate Services | North Eastern Group Realty
10808 La Cabreah Ln
Fort Wayne IN, 46845
Listing provided by Heidi Gaskill of Berkshire Hathaway HomeServices Elkhart: Office: 574-293-1010.