Investors seize this unique opportunity with this package deal comprising of three income-producing properties in the heart of Warsaw at 422 S Union St, 418 S Union St, and 322 S Columbia St. Each property has undergone a significant amount of refreshing, updating and remodeling, bringing increased revenue, decreased costs, and stable tenancy. With every completed unit being occupied this portfolio promises immediate cash flow and strong returns. Totaling 14-units, these three properties are being offered at the attractive price of $960,000, boasting an impressive 12.55% CAP rate and remarkable returns exceeding 20.6% cash on cash even after accounting for vacancy, property management, and CapEx expenses, assuming traditional financing. Don't miss out on this rare opportunity to own a diversified portfolio of income-generating properties. Act now and elevate your investment strategy with this exceptional package deal.
Closed
$1,150,000
422 S Union St, Warsaw, IN 46580
19beds
9,383sqft
Multi Family
Built in 1875
-- sqft lot
$-- Zestimate®
$--/sqft
$1,096 Estimated rent
Home value
Not available
Estimated sales range
Not available
$1,096/mo
Zestimate® history
Owner options
List your home for rent
$1,096/mo
Rent Zestimate®
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$1,096/mo
Rent Zestimate®
Refinance and save
$6,802/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$6,802/mo
Est. payment
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List your homeWhat's special
Zillow last checked:
Listing updated:
Listed by:
James Bausch Cell:574-742-4531,
RE/MAX Results
Bought with:
James Bausch, RB15000093
RE/MAX Results
Source: IRMLS,MLS#: 202405089
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 19
- Bathrooms: 14
- Full bathrooms: 14
Heating
- Natural Gas, Baseboard, Forced Air
Cooling
- None
Features
- Flooring: Laminate
- Basement: Crawl Space,Partial,Unfinished,Block
Interior area
- Total structure area: 12,188
- Total interior livable area: 9,383 sqft
- Finished area above ground: 9,383
- Finished area below ground: 0
Property
Parking
- Total spaces: 25
- Parking features: Off Street Parking
Features
- Levels: Two
- Stories: 2
Lot
- Size: 0.93 Acres
- Dimensions: 83X198, 77x198, 66x132
- Features: 0-2.9999
Details
- Additional structures: None
- Additional parcels included: AND 4311-AND 43-11-08-300-286.000-032
- Parcel number: 431107200762.000032
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Aluminum Siding, Brick, Vinyl Siding
- Foundation: Basement
Condition
- New construction: No
- Year built: 1875
Utilities & green energy
- Sewer: City
- Water: City
Community & neighborhood
Location
- Region: Warsaw
- Subdivision: Graves
Price history
| Date | Event | Price |
|---|---|---|
| 12/3/2024 | Listing removed | $795 |
Source: Zillow Rentals Report a problem | ||
| 12/2/2024 | Listed for rent | $795 |
Source: Zillow Rentals Report a problem | ||
| 9/27/2024 | Listing removed | $795 |
Source: Zillow Rentals Report a problem | ||
| 9/25/2024 | Price change | $795-20.1% |
Source: Zillow Rentals Report a problem | ||
| 8/30/2024 | Listed for rent | $995 |
Source: Zillow Rentals Report a problem | ||
| 8/22/2024 | Sold | $1,150,000+19.8% |
Source:  IRMLS #202405089 Report a problem | ||
| 8/15/2024 | Pending sale | $960,000+159.5% |
Source: IRMLS #202405089 Report a problem | ||
| 2/19/2024 | Price change | $370,000-61.5% |
Source: IRMLS #202405090 Report a problem | ||
| 2/19/2024 | Listed for sale | $960,000 |
Source: IRMLS #202405089 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,424 +16.5% | $339,300 +58.5% |
| 2024 | $3,799 +11.1% | $214,100 +17.1% |
| 2023 | $3,418 +18.4% | $182,900 +11.3% |
| 2022 | $2,887 +25.9% | $164,400 +19% |
| 2021 | $2,293 +8.6% | $138,100 +26% |
| 2020 | $2,112 +4.2% | $109,600 +8.7% |
| 2019 | $2,026 +2.8% | $100,800 +4.5% |
| 2018 | $1,970 +8.5% | $96,500 +3.1% |
| 2017 | $1,816 +7.1% | $93,600 +8.6% |
| 2016 | $1,696 +3.9% | $86,200 +5.6% |
| 2014 | $1,632 +2.5% | $81,600 +2.5% |
| 2013 | $1,592 -6.3% | $79,600 -3.4% |
| 2012 | $1,698 -24.7% | $82,400 -25% |
| 2011 | $2,254 -1.7% | $109,800 -1.7% |
| 2010 | $2,292 -0.1% | $111,700 -2.6% |
| 2009 | $2,294 -10.1% | $114,700 -16.1% |
| 2007 | $2,551 | $136,700 +2.7% |
| 2006 | -- | $133,100 +0.2% |
| 2005 | -- | $132,800 |
Find assessor info on the county website
Neighborhood: 46580
Nearby schools
GreatSchools rating
- 5/10Washington Elementary SchoolGrades: K-6Distance: 0.6 mi
- 6/10Edgewood Middle SchoolGrades: 7-8Distance: 0.4 mi
- 9/10Warsaw Community High SchoolGrades: 9-12Distance: 0.8 mi
Schools provided by the listing agent
- Elementary: Washington
- Middle: Edgewood
- High: Warsaw
- District: Warsaw Community
Source: IRMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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- Indiana
- Kosciusko County
- Warsaw
- 46580
- 422 S Union St
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