New Paris, IN 46553,19022 4th Street
New Paris, IN 46553,19022 4th Street
New Paris, IN 46553,19022 4th Street
36
$875,000
$984,900
11.2%
Est.Price: ?

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0.68 Acres Lot

19022 4th Street New Paris, IN 46553

Est. payment /mo
SOLD DATE : 10/03/2025

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Key Details

Sold Price $875,000

Property Type Commercial

Sub Type Mixed Use

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 202526099

Year Built 1970

Annual Tax Amount $4,500

Tax Year 2025

Lot Size 0.680 Acres

Property Sub-Type Mixed Use

Property Description

This exceptional multi-unit property offers an ideal investment in Elkhart County. The property consists of 11 units, combining for a total of 17 bedrooms and 11 bathrooms. The property is fully leased, providing stable cashflow with current rental income of $8,650 per month with room to improve! This property is positioned to deliver long-term value appreciation and consistent returns. Investors will benefit from both the immediate rental income and future growth potential! Several units were renovated in 2024 in addition to the boiler, water softener & well pump being updated since 2020. All electric is sub-metered per unit with a natural gas boiler for radiant heat throughout.

Location

State IN

County Elkhart County

Area Elkhart County

Zoning R-4 Residential Mixed Use Residential District

Interior

Flooring Carpet, Vinyl

Exterior

Fence None

Roof Type Asphalt,Shingle

Building

Story 2

New Construction No

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Indiana Regional MLS (IRMLS)
Listed by Trey Forbes • Weichert Realtors - Hoosier Heartland
Bought with Carlos Avelar • Fenix Realty, LLC

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Timothy Vicsik

Timothy Vicsik

Broker Associate | RB14051798

+1(574) 329-9587

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