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328 N State Street Kendallville, IN 328 N State St 5 Unit Apartment Building $385,000 ($77,000/Unit) Kendallville, IN 46755
EXECUTIVE SUMMARY
Investment Opportunity!! Cash-Flowing 5-Plex in Kendallville! This purpose-built 5-unit property offers over 4,000 sq. ft. and has strong cash flow potential with room to raise rents. Having all units rented, this 5 plex will bring in $4,200/month. Each unit is separately metered with split utilities, individual water heaters, and two units even have their own gas meters. Recent updates include a newer metal roof, vinyl siding, and updated water heaters. Tenants enjoy ample off-street parking and a convenient location close to schools, shopping, and downtown Kendallville. This is a rare chance to own a true multi-family income property with tenants already in place. Whether you’re looking to expand your portfolio or step into investment real estate with a strong performer, this 5-plex is the one to see!
PROPERTY FACTS
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Refrigerator
- Range
- Basement
SITE AMENITIES
- 24 Hour Access
- Tenant Controlled HVAC
- Trash Pickup - Curbside
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 1 | $675.00 | - |
| 3+1 | 2 | $900.00 | - |
| 2+1 | 3 | $900.00 | - |
| 3+1 | 4 | $900.00 | - |
| 2+1 | 5 | $795.00 | - |
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Walk Score®
Very Walkable (73)
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
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STREET VIEW
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Presented by
Open Door Rentals and Real Estate
328 N State Street Kendallville, IN | 328 N State St
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