701 W Beardsley Ave - Apartments FOR SALE


Elkhart, IN 46514- Bower
$499,000 USD
574-238-1436
701 W Beardsley Ave, Elkhart, IN for Sale
$499,000 USD
Apartments - FOR SALE
1/3
null | Request Cap Rate

701 W Beardsley Ave
Elkhart, IN 46514
Bower


OVERVIEW

*Multiple Offer Deadline - 4/23/26 10pm, Response 4/24/26*Investor opportunity! This 12-unit multi-family property offers strong in-place income with significant upside potential. With a pro forma gross annual income exceeding $80,000, this property is well-positioned for growth. The building includes 9 leased units, 1 owner-occupied unit, and 2 vacant units in need of improvements for occupancy providing immediate value-add potential. Recent electrical improvements allow for future separation of utilities, offering a path to reduced expenses and increased NOI. Additional features include a pole barn, a durable rubber roof, and a boiler approximately 810 years old. Ideal for a buy-and-improve investor focused on building equity and maximizing returns.

FOR SALE DETAILS

PRICE

$499,000 USD

PRICE/SF

$45 USD /SF

# OF UNITS

12

PRICE/UNIT

$41,583

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1900

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,454 SF

ZONING

ZO01

APN/PARCEL ID

20-06-06-279-011.000-012

ASK ABOUT THIS PROPERTY

Steve MillerRE/MAX ResultsMore Info
574-238-1436

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

Steve MillerRE/MAX ResultsMore Info
574-238-1436

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