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Backup Offers

322 S Columbia St, Warsaw, IN, 46580

$280,000

Home List Price

$3,325*

Closing Credit

0 Baths
Multi
Schools Nearby

Location

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322 S Columbia St, Warsaw$280,000

Buyer Closing Credits

$3,325*

1.25% Loan Amount

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Property Highlights

Home TypeQuadruplex
Year Built1890
HeatingNatural Gas, Forced Air
CoolingNone
MLS #202405091
Lot Size0.20 Acres
StatusAccepting Backup Offers
(Cont-AccptngBackupOffers)

About 322 S Columbia St

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.

Property Details

Property Features

Property Information:

  • Year Built: 1890
  • Stories: 2

Listing Office:

  • Office Name: RE/MAX Results- Warsaw
  • Office Phone: (574) 742-4531
  • Listing Agent: James Bausch

Virtual/3D Tour

  • Virtual Tour: 322 S Columbia St

Virtual Tour

Lot Features

Lot Information:

  • Lot Size: 0.20 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Forced Air
  • Cooling: None

School Info

Assigned Schools Information:

  • Warsaw Community High School, Public District Grades 9-12
  • Edgewood Middle School, Public District Grades 7-8
  • Washington Elementary School, Public District Grades KG-6

Other

Directions Information:

  • Directions: From Detroit St - IN 15, head south, turn right onto E Winona Ave, turn right onto S Columbia St, property is on the left

Price Information

Listing Price Info

Price Summary:

  • List Price: $280,000

Tax Information:

  • Annual Amount: $1,872
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Warsaw, IN.

Med. List Price

$310.5K

Med. Price/SqFt

$139

Avg. Days On Market

64

# of Sold Homes

12

322 S Columbia St vs Warsaw

73 DAYS ON ROCKET

+9 Days

$280,000

-$30.5K Less

KEY TAKEAWAY

This property is $30.5K less than the Median List Price in Warsaw, IN.

Based on homes listed in April 2024

MLS Details

MLS Information:

  • MLS Number: #202405091

Listing Office:

  • Office Name: RE/MAX Results- Warsaw
  • Office Phone: (574) 742-4531
  • Listing Agent: James Bausch

IDX The data on this website relating to real estate for sale comes in part from the Internet Data Exchange (IDX) program of the Indiana Regional MLS (IRMLS). IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. ©2011-2024 Indiana Regional MLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/2/2024, 7:20:35 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$1,872$89,500
2019$1,720$85,500
2017$1,671$79,400

History based on county public records data.

Payment Calculator

$1,465

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$906

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-4941730
5
/10
  • Washington Elementary School

  • 423 Kincaide St

  • 0.66 miles

  • Public District Grades KG-6

Middle School

school-card-donut-4941731
8
/10
  • Edgewood Middle School

  • 900 S Union St

  • 0.52 miles

  • Public District Grades 7-8

High School

school-card-donut-4941732
6
/10
  • Warsaw Community High School

  • 1 Tiger Ln

  • 0.88 miles

  • Public District Grades 9-12

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $31,333. Residents of Warsaw, IN typically earn less than $35k each year. The majority of families are single, no kids. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas


Rocket HomesIndianaKosciusko CountyWarsaw46580322 S Columbia St

This home is located at 322 S Columbia St in Warsaw, IN and zip code 46580. This home was built in 1890. It has been listed on Rocket Homes since February 19, 2024 and is currently priced at $280,000.

The number of listings in Warsaw, IN increased by 82.5% between March 2024 and April 2024. In April 2024, listings were on the market for 64 days. During the same period, the median list price in this real estate market was $310,500.

From Rocket Homes Real Estate and based on county public records data.

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