328 N State St - Multi-Family FOR SALE


Kendallville, IN 46755
$385,000 USD
260-438-1087
328 N State St, Kendallville, IN for Sale
$385,000 USD
Multi-Family - FOR SALE
1/4
null | Request Cap Rate

328 N State St
Kendallville, IN 46755


OVERVIEW

Investment Opportunity!! Cash-Flowing 5-Plex in Kendallville! This purpose-built 5-unit property offers over 4,000 sq. ft. and has strong cash flow potential with room to raise rents. Having all units rented, this 5 plex will bring in $4,200/month. Each unit is separately metered with split utilities, individual water heaters, and two units even have their own gas meters. Recent updates include a newer metal roof, vinyl siding, and updated water heaters. Tenants enjoy ample off-street parking and a convenient location close to schools, shopping, and downtown Kendallville. This is a rare chance to own a true multi-family income property with tenants already in place. Whether you’re looking to expand your portfolio or step into investment real estate with a strong performer, this 5-plex is the one to see!

FOR SALE DETAILS

PRICE

$385,000 USD

PRICE/SF

$59 USD /SF

# OF UNITS

5

PRICE/UNIT

$77,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

328 N State Street Kendallville, IN

PROPERTY TYPE

Multi-Family

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1870

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

570733420085000020

ASK ABOUT THIS PROPERTY

Tammie JonesOpen Door Rentals and Real EstateMore Info
260-438-1087

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Tammie JonesOpen Door Rentals and Real EstateMore Info
260-438-1087

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.