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701 W Beardsley Ave
Elkhart, IN 46514
Multifamily Property For Sale
·
12 Units
Executive Summary
*Multiple Offer Deadline - 4/23/26 10pm, Response 4/24/26*Investor opportunity! This 12-unit multi-family property offers strong in-place income with significant upside potential. With a pro forma gross annual income exceeding $80,000, this property is well-positioned for growth. The building includes 9 leased units, 1 owner-occupied unit, and 2 vacant units in need of improvements for occupancy providing immediate value-add potential. Recent electrical improvements allow for future separation of utilities, offering a path to reduced expenses and increased NOI. Additional features include a pole barn, a durable rubber roof, and a boiler approximately 810 years old. Ideal for a buy-and-improve investor focused on building equity and maximizing returns.
Property Facts Under Contract
| Price Per Unit | $41,583 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.24 AC |
| No. Units | 12 | Building Size | 11,010 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1900 |
| Apartment Style | Low-Rise | ||
| Zoning | ZO01 | ||
| Price Per Unit | $41,583 |
| Sale Type | Investment |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.24 AC |
| Building Size | 11,010 SF |
| No. Stories | 2 |
| Year Built | 1900 |
| Zoning | ZO01 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | - | - |
| 2+1 | 4 | - | - |
Property Taxes
| Parcel Number | 20-06-06-279-011.000-012 | Improvements Assessment | $160,600 |
| Land Assessment | $14,500 | Total Assessment | $175,100 |
Property Taxes
Parcel Number
20-06-06-279-011.000-012
Land Assessment
$14,500
Improvements Assessment
$160,600
Total Assessment
$175,100
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