322 S Columbia St, Warsaw, IN 46580
FOR SALE

322 S Columbia St
Warsaw, IN 46580

  • 5 Beds
  • 4 Baths
  • 2,988 sqft
  • 5 Beds
  • 4 Baths
  • 2,988 sqft

$280,000

Est. Mortgage $1,695/mo*
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Local Information

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Description

Don't miss out on this exceptional opportunity to enhance your investment portfolio with a fully occupied, updated four-unit apartment, offered at an impressive 11.75% CAP rate. With traditional financing, you can secure nearly a 17% cash on cash return, even after accounting for vacancy, property management, and CapEx. This property is a lucrative addition to any investment strategy. Numerous updates have been made throughout the property, including complete renovations of the detached apartment (Unit D), as well as refreshing flooring, paint, kitchens, baths, and appliances in other units. These enhancements ensure tenant satisfaction and maximize rental potential. For investors seeking a broader portfolio, this property is also available as part of a 14-unit, 3-property portfolio for $960,000, boasting an impressive 12.55% CAP rate and returns exceeding 20%. Check MLS #202405089 for more details. The seller strongly prefers to sell via the entire package, presenting an opportunity to capitalize on a diverse portfolio of income-generating properties. Don't let this opportunity slip away. Take action today to enhance your financial position with this investment opportunity.

Home Highlights

Parking
7 Parking Spaces
Outdoor
No Info
A/C
Heating only
HOA
No HOA Fee
Price/Sqft
No Info
Listed
68 days ago

Home Details for 322 S Columbia St

Active Status

MLS Status: Active Under Contract

Interior Features

Interior Details
Basement: Crawl Space,Partial,Unfinished,Block
Beds & Baths
Number of Bedrooms: 5Number of Bathrooms: 4Number of Bathrooms (full): 4
Dimensions and Layout
Living Area: 2988 Square Feet
Appliances & Utilities
Appliances: Gas Water Heater
Heating & Cooling
Heating: Natural Gas,Forced AirNo CoolingAir Conditioning: NoneHas HeatingHeating Fuel: Natural Gas
Windows, Doors, Floors & Walls
Flooring: Laminate
Levels, Entrance, & Accessibility
Stories: 2Levels: TwoFloors: Laminate

Exterior Features

Exterior Home Features
Other Structures: None
Parking & Garage
Parking Spaces: 7Parking: Off Street Parking
Frontage
Not on Waterfront
Water & Sewer
Sewer: City
Finished Area
Finished Area (above surface): 2988 Square Feet

Days on Market

Days on Market: 68

Property Information

Year Built
Year Built: 1890
Property Type / Style
Property Type: Residential IncomeProperty Subtype: Quadruplex
Building
Construction Materials: Vinyl SidingNot a New ConstructionDoes Not Include Home Warranty
Property Information
Included in Sale: Building, LandParcel Number: 431108300286.000032

Price & Status

Price
List Price: $280,000

Media

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Location

Direction & Address
City: WarsawCommunity: Hood & Britton
School Information
Elementary School: WashingtonElementary School District: Warsaw CommunityJr High / Middle School: EdgewoodJr High / Middle School District: Warsaw CommunityHigh School: WarsawHigh School District: Warsaw Community

Agent Information

Listing Agent
Listing ID: 202405091

Building

Building Area
Building Area: 3756 Square Feet

Lot Information

Lot Area: 0.2 Acres

Business

Expense
Tenant Pays: Electricity

Rental

Lease Term: Month To Month, 12 MonthsOwner Pays: Electricity, Heating, Sewer, Trash Collection, Water

Miscellaneous

BasementMls Number: 202405091Attribution Contact: Cell: 574-742-4531
Last check for updates: 1 day ago
Listing courtesy of James Bausch, (574) 742-4531
RE/MAX Results- Warsaw
Source: IRMLS, MLS#202405091

Price History for 322 S Columbia St

DatePriceEventSource
02/19/2024$280,000Listed For SaleIRMLS #202405091
02/27/1998$144,900Sold
N/A
11/13/1995$49,000Sold
N/A

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Property Taxes and Assessment

Year2023
Tax$2,358
Assessment$126,100
Home facts updated by county records

Comparable Sales for 322 S Columbia St

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
204 N Fort Wayne Ave, Warsaw, IN
0.55
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$195,000
02/21/24
5
3
3,246
739 E Winona Ave, Warsaw, IN
0.72
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$185,000
02/28/24
5
2
2,288
504 Ross Ave, Warsaw, IN
1.42
Multi-Family Home
$305,000
05/26/23
7
6
4,006
1422 E Center St, Warsaw, IN
1.25
Multi-Family Home
$105,000
11/30/23
1
2
1,830
706 Ross Ave, Warsaw, IN
1.47
Multi-Family Home
$430,000
01/05/24
8
5
4,358
502 Chinworth Ct, Warsaw, IN
2.12
Multi-Family Home
$310,000
11/06/23
6
4
2,640
1687 N 400 E, Warsaw, IN
5.09
Multi-Family Home
$700,000
06/26/23
6
5
5,243

What Locals Say about Warsaw

  • Grace G.
    "I walk my dogs every day, overall pretty dog friendly neighborhood. However some people have their dogs off leash which I don't like, as that is triggering for my dogs. "
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  • Sleepingwithsirens812
    "Very diverse and welcoming of all colors, shapes, and sizes. School is also great. Would definitely recommend "
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  • Liz S.
    "Schools are Great! Lakes are Great! Hunting is Great! Fishing is Amazing! Everything about Warsaw is amazing!"
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  • Randi
    "I don’t know bout it but I think it sucks here. Did hear schools r good. But I don’t wanna stat here "
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  • Ashley.meulink
    "Our neighborhood is fairly quiet and near walking paths. Neighbors are caring but not nosy and it’s an extremely pleasant place to live. We’ve been here four years and are only moving due to work."
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  • Ashley.meulink
    "I live five minutes from work. I can walk if I want, or bike. It’s great and a delightful community. Love Warsaw!"
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  • Scott C.
    "My commute to work is short. Everything is easy to access in town. It takes me mere minutes to make it to work for me and also for my wife. "
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  • Scott C.
    "There are many good schools in the area with great teaching staffs. Plenty of parks to take kids to, that have numerous outings year round. There are kid friendly things to do down in the village in Winona lake. The fireworks down at Winona lake are a great activity for the family in July. The Christmas lights at center lake in December are a great place to take a family and wonderful environment to take pictures as a family. "
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  • Scott C.
    "Family friendly area. Good schools and great teaching staff. Beautiful scenery with lakes and woods. Excellent trails to enjoy and shopping down at the village. "
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  • Ataylor
    "We have free music concerts every summer, all summer long. We have a fall parade supporting the high school, team sports, and other extracurricular activities. This is only a few special things about our community."
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  • Kelsiestollar
    "People are friendly and usually abide by speed limits to ensure the safety of children. It's a nice area to walk your dogs or ride your bike. "
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  • Oxana V.
    "drink and smoke less.. watch out for kids.. drive slow. nice people around.. need to have more sidewalks. "
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  • Tony D.
    "I have lived here my whole life and it’s very cozy. There’s a lot to do like go out to nice restaurants, bowling , walk the trails in Winona, and go see a movie. "
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  • Kyle A.
    "I used to live in warsaw and as time goes by it continues to be a great town to live in and raise a family "
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  • Crystalmarsillett
    "I bought the house I grew up in, so I know lots of my neighbors. My kids and I take cookies door to door every Spring and everyone is very nice. "
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  • krindevore
    "I’ve lived in this neighborhood for 33 years. I’ve in 3 houses on one street. I have made life long friends here. We vacation together, we play together and I wouldn’t change a thing. It’s been great!"
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  • Randy
    "Shadow Lakes is the nicest community we could find in Kosciusko county and Warsaw. The neighborhood has 2 spring fed lakes and several ponds, all stocked. Sidewalks are 4 feet wide, streets are easy to walk around and the neighbors are great. Common areas are well kept. The neighborhood is filled with beautiful homes, and only about a 10 minute drive to downtown Warsaw."
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LGBTQ Local Legal Protections

James Bausch, RE/MAX Results- Warsaw
IDX information is provided exclusively for 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 not guaranteed.
Offer of compensation is made only to participants of the Indiana Regional Multiple Listing Service, LLC (IRMLS).
322 S Columbia St, Warsaw, IN 46580 is a 5 bedroom, 4 bathroom, 2,988 sqft multi-family built in 1890. This property is currently available for sale and was listed by IRMLS on Feb 19, 2024. The MLS # for this home is MLS# 202405091.