Opportunity and flexibility come together at this completely remodeled mixed-use property located along highly traveled Center Street in Warsaw. Offering 2,544 square feet and extensively renovated in 2023, this property is currently configured with professional office space on the main level and a separate residential apartment upstairs, creating an excellent opportunity for an investor or business owner looking to offset expenses with rental income. The main level offers a functional office layout featuring a private office or conference room, two additional open work areas, a kitchen, and bathroom space. Upstairs, the separate residential apartment provides its own kitchen and living space, allowing the property to serve multiple purposes under its R2 zoning. Both levels also offer the flexibility to be used residentially, making this an attractive option for investors looking for a duplex-style property. The 2023 renovation included updates to the flooring, electrical, plumbing, kitchens, bathrooms, and windows, giving the property a fresh, updated feel while taking care of many of the major improvements. The roof is also approximately three years old. Situated on a .20-acre lot with approximately 10 parking spaces, the property enjoys excellent visibility along Center Street with approximately 9,500 vehicles passing daily and convenient access to downtown Warsaw.
Investor opportunity in a convenient, walkable location! This well-maintained duplex offers two updated units within walking distance of downtown shopping, restaurants, and employment, plus easy access to Central Park events, the playground, and Center Lake. Unit A features 2 bedrooms and an inviting open-concept main living area. The updated kitchen offers a center island with seating, open shelving, tiled backsplash, and range hood. The full bathroom has a newer tub surround and vanity, and a stackable washer and dryer provides the convenience of in-unit laundry. New blinds were just installed throughout the unit. Only FOUR years young - Unit B was built in 2022! This year it has been freshly painted with new flooring on the main level. The charming eat-in kitchen is located on the main floor along with its own stackable washer and dryer. Upstairs, you’ll find the bedroom and full bathroom, creating a comfortable separation between the kitchen and your restful retreat. Both units have been well cared for and thoughtfully updated, making this an attractive addition to an investment portfolio. Tenants have separately metered electricity, while water, sewer, and trash expenses are billed back to the tenants, helping reduce owner-paid expenses. Outside, a welcoming porch adds to the charm, while the backyard offers plenty of room to enjoy the outdoors beneath the shade of a mature tree. With updated interiors, in-unit laundry in both units, tenant-paid utility expenses, and a convenient location near downtown amenities, this duplex is ready for its next owner!
Investor opportunity with a CAP rate over 12%! This income-producing multi-unit property is a fantastic addition to any portfolio, offering three residential apartment units plus a large workshop/garage unit with office space - all within walking distance of vibrant downtown Warsaw. The location adds even more appeal for tenants, with shopping, dining, community events, Central Park, and Center Lake just around the corner. Enjoy easy access to the Friday night concert series, playgrounds, kayak rentals, and more. Apartment A is a spacious 4 bedroom, 2 bath unit that was completely remodeled down to the studs in 2020, including updated plumbing and electrical. A new back deck was added in 2023, and the large primary bedroom features an en-suite bath and direct deck access. AND a brand new mini-split just installed! Apartment B offers 1 bedroom and 1 bathroom, while Apartment C features 2 bedrooms, 1 bathroom with a jetted tub, and new flooring installed in 2021. Each apartment includes a generous kitchen with ample cabinetry plus its own washer and dryer - an attractive convenience for tenants. The fourth unit is a versatile 40’x30’ garage/workshop with 15’ ceilings, a 12’ overhead door, and two offices, creating additional rental potential for a contractor or business needing office, workshop, and storage space. Additional improvements include a partial roof replacement in 2021 and a new sewer line installed in 2022. Utilities are billed back to tenants, all three apartments are currently rented, and the property is producing a CAP rate of over 12%. With established rental income, multiple revenue streams, tenant-paid utilities, and a strong CAP rate, this property offers an opportunity to add a solid income-producing asset to your portfolio in a prime Warsaw location.
Warsaw Investment Opportunity!! Take a look at this 5 Unit building in the heart of Warsaw! Many recent updates have been made including almost all new windows, concrete steps, and more. Basement also has a ton of room for storage and even more possibilities! If you are looking to add to your portfolio give this property a look!
Warsaw Investment Opportunity!! Take a look at this 4 Unit building in the heart of Warsaw! Many recent updates have been made including a completely new garage that is split into 2 units. These currently used by owner for storage, but could be used to increase revenue as well. Basement also has a ton of room for storage and even more possibilities! If you are looking to add to your portfolio give this property a look! Ba
*Back on the market at no fault of seller* This 6-unit brick investment property offers an excellent opportunity to grow your portfolio with strong income potential and recent updates already in place! Over the last 18 months, many improvements have been completed throughout the property, including updated paint, durable and easy-to-maintain LVP flooring, new roof, and more. Five units feature 1 bedroom and 1 bathroom with practical layouts designed for comfortable everyday living and an efficiency unit rounds out the property. Investors will appreciate the attractive 12.94% CAP rate along with the low-maintenance brick exterior. Conveniently located near Downtown Warsaw, tenants can enjoy easy access to local shopping, restaurants, parks, and other amenities. Whether you’re looking to expand your rental portfolio or step into multifamily investing, this property offers strong returns and upside potential!
Commercial Building/Investment Property Move In Ready Great Location - High Visibility Would be perfect for offices or retail or a rental property
Warsaw is located in Indiana. Warsaw, Indiana has a population of 15,905. Warsaw is less family-centric than the surrounding county with 28.77% of the households containing married families with children. The county average for households married with children is 29.17%.
The median household income in Warsaw, Indiana is $55,295. The median household income for the surrounding county is $66,764 compared to the national median of $69,021. The median age of people living in Warsaw is 34.1 years.
The average high temperature in July is 82.9 degrees, with an average low temperature in January of 16.6 degrees. The average rainfall is approximately 39.8 inches per year, with 30.6 inches of snow per year.
