For Sale ~ Prime Downtown Kendallville Mixed Use Portfolio
High-yield mixed-use investment opportunity in prime downtown Kendallville, IN. This portfolio fronts a high tra?c commercial corridor, is walkable to local amenities and features stable cash flow and immediate value-add potential. This mixed-use commercial and multi-family is comprised of two ground-floor retail storefronts and three upper-level apartments. Income profile & portfolio breakdown: Commercial Space 1: Currently owner occupied; delivered vacant at closing for immediate market-rate leasing or owner user occupancy. Commercial Space 2: Tenant Leased. Multi-family: Unit 1: 1bed/1bath apartment (leased). Unit 2: 1bed/1bath apartment (leased) Unit 3: Spacious 4bed/1bath apartment (leased) This rare opportunity for the investor/owner user highlights: diversified revenue with five distinct income streams and with both commercial and multi-family, mitigates vacancy risk, immediate upside value-add potential and well positioned; this asset boasts a prime location.
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