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$ 984,900
Est. payment /mo
Active
19022 4th Street New Paris, IN 46553
0.68 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 202526099
Year Built 1970
Annual Tax Amount $4,500
Tax Year 2025
Lot Size 0.680 Acres
Property Sub-Type Mixed Use
Property Description
This exceptional multi-unit property offers an ideal investment in Elkhart County. The property consists of 11 units, combining for a total of 17 bedrooms and 11 bathrooms. The property is fully leased, providing stable cashflow with current rental income of $8,650 per month with room to improve! This property is positioned to deliver long-term value appreciation and consistent returns. Investors will benefit from both the immediate rental income and future growth potential! Several units were renovated in 2024 in addition to the boiler, water softener & well pump being updated since 2020. All electric is sub-metered per unit with a natural gas boiler for radiant heat throughout.
Location
State IN
County Elkhart County
Area Elkhart County
Zoning R-4 Residential Mixed Use Residential District
Direction US 6 to County Road 29. North to County Road 46. West to County Road 46. North to Fourth Street.
Interior
Flooring Carpet, Vinyl
Appliance Building
Exterior
Fence None
Roof Type Asphalt,Shingle
Building
Story 2
New Construction No
Others
Financing Cash,Conventional
Virtual Tour https://www.propertypanorama.com/instaview/irmls/202526099
IDX information provided by the Indiana Regional MLS
Listed by Trey Forbes • Weichert Realtors - Hoosier Heartland