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.
Closed
$2,425,000
684-670 Strong Ave, Elkhart, IN 46514
32beds
22,020sqft
Quadruplex
Built in 1926
-- sqft lot
$2,158,400 Zestimate®
$--/sqft
$1,105 Estimated rent
Home value
$2,158,400
$1.73M - $2.68M
$1,105/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Heidi Gaskill Office:574-293-1010,
Berkshire Hathaway HomeServices Elkhart
Bought with:
Heidi Gaskill, RB15001192
Berkshire Hathaway HomeServices Elkhart
Source: IRMLS,MLS#: 202401364
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 32
- Bathrooms: 32
- Full bathrooms: 32
Heating
- Hot Water
Cooling
- None
Features
- Eat-in Kitchen
- Flooring: Carpet, Laminate
- Basement: Michigan Basement
Interior area
- Total structure area: 31,695
- Total interior livable area: 22,020 sqft
- Finished area above ground: 22,020
- Finished area below ground: 0
Property
Parking
- Total spaces: 32
- Parking features: Gravel, Off Street, On Street, Off Street Parking
- Has uncovered spaces: Yes
Features
- Levels: Two
- Stories: 2
Lot
- Size: 1 Acres
- Dimensions: 200 x 218
- Features: Level
Details
- Additional structures: None
- Additional parcels included: 2006-05-303-008.000-012
- Parcel number: 200606440004.000012
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
Materials
- Aluminum Siding
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1926
Utilities & green energy
- Sewer: City
- Water: City
Community & HOA
Community
- Subdivision: None
Location
- Region: Elkhart
Financial & listing details
- Annual tax amount: $16,051
- Date on market: 1/12/2024
- Listing terms: Cash,Conventional
- Inclusions: Building, Lease
- Lease term: 12 Months
- Total actual rent: 315360
- Tenant pays: Electricity
Price history
| Date | Event | Price |
|---|---|---|
| 12/2/2024 | Sold | $2,425,000-6.4% |
Source:  IRMLS #202401364 Report a problem | ||
| 9/27/2024 | Pending sale | $2,590,000 |
Source: IRMLS #202401364 Report a problem | ||
| 6/5/2024 | Listing removed | $2,590,000$118/sqft |
Source: Berkshire Hathaway HomeServices Michigan and Northern Indiana Real Estate #202401364 Report a problem | ||
| 5/10/2024 | Price change | $2,590,000-10.4% |
Source: IRMLS #202401364 Report a problem | ||
| 1/12/2024 | Listed for sale | $2,890,000 |
Source: IRMLS #202401364 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: Riverside
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Nearby schools
GreatSchools rating
- 3/10Daly Elementary SchoolGrades: PK-6Distance: 0.9 mi
- 5/10West Side Middle SchoolGrades: 7-8Distance: 1.1 mi
- 2/10Elkhart High SchoolGrades: 9-12Distance: 1.7 mi
Schools provided by the listing agent
- Elementary: Mary Daly
- Middle: West Side
- High: Elkhart
- District: Elkhart Community Schools
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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$2,158,400
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+$43,168
With Zillow Showcase(estimated)
$2,201,568
- Indiana
- Elkhart County
- Elkhart
- 46514
- Riverside
- 684-670 Strong Ave
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