Finally theres a multi-family investment property available on the market! Introducing 'Lake View Apartments' a four unit value-add building with 66 feet of Center Lake frontage. The extra large main floor apartment has nearly 1900 sq feet and lends itself towards owner occupancy with the opportunity to have other tenants pay living expenses or as the anchor to this solid investment. All units are in tenantable condition and are below market rents. Take advantage of the opportunity to increase rents as-is or to renovate and significantly increase rents. There is even potential for redevelopment into Short Term Rentals and see a tremendous return on your investment by inviting guests to enjoy the waterfront property. Lake View Apartments are within walking distance to downtown restaurants, shopping, and Center Lake Park where many community events can be enjoyed. Separately metered units means tenants are paying their own gas & electric.
Off market
Zestimate®
$319,600
748 N Lake St, Warsaw, IN 46580
6beds
4,655sqft
MultiFamily
Built in 1900
-- sqft lot
$319,600 Zestimate®
$69/sqft
$1,553 Estimated rent
Owner options
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Other
Interior area
- Total interior livable area: 4,655 sqft
Property
Parking
- Parking features: Garage - Attached
Lot
- Size: 10,454 sqft
Details
- Parcel number: 431108400157000032
Construction
Type & style
- Home type: MultiFamily
Materials
- Frame
- Roof: Asphalt
Condition
- Year built: 1900
Community & neighborhood
Location
- Region: Warsaw