701 W Beardsley Avenue, Elkhart, IN 46514
sale
$499,000
|
Other
Courtesy Of RE/MAX Results
Investor opportunity! This 12-unit multi-family property offers strong in-place income with significant upside potential. Currently generating $82,200 annually with approximately $55,000 AGI, the property includes 10 occupied units and 2 units ready for renovation and lease-up, including one vacant unit awaiting finishing touches. Recent electrical improvements allow for future separation of utilities, creating an opportunity to substantially reduce expenses and increase NOI. Additional features include a pole barn for added income potential, a durable rubber roof, and a boiler approximately 8 10 years old. Ideal for a buy and improve investor looking to build equity and boost returns.
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Copyright © 2026 Elkhart County Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is 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.
Property Features
- Age: Over 50 Years Old
- Architecture Style: Other
- Exterior Type: Brick
- Floor Covering: Vinyl
- Floor Covering: Carpet
- Floors: 2
- Heating System: Electric (Heating)
- Heating System: Forced Air
- Heating System: Natural Gas
- Legal Description: N ELKHART LOT 57 *and* N ELK 44X82 1/2 FT LOT 56
- MLSID: 202613041
- Parking Spaces: 12
- Roof Type: Shingle
- Rooms: Bathroom 4
- Rooms: Bathroom 5
- Rooms: Bathroom 2
- Rooms: Bathroom 3
- Rooms: Bathroom 1
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