Description
Excellent investment opportunity in downtown Wakarusa. The property includes 2 attached buildings at 109 and 111 N Elkhart St. 109 N Elkhart St. is a 2,100 SF unit and fully leased and tenant pays utilities. 111 N Elkhart St includes 2 main level retail spaces, front and back, and 4 upstairs 1-bedroom apartment units. The front half is leased with a gross lease and the back half is ready for a new tenant to finish the space to their needs. Back unit also includes a dock and lower level storage access with a drive down ramp. 3 of the 4 upstairs apartments are currently rented and tenants pay electric. Current total income: $32,400. Potential opportunity for more income. Zoned B-1 Neighborhood Business District. Taxes: $4,139 Tax Year: 2019
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0BEDS
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0.24ACRES
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01/2 BATHS
School Ratings & Info
Description
Excellent investment opportunity in downtown Wakarusa. The property includes 2 attached buildings at 109 and 111 N Elkhart St. 109 N Elkhart St. is a 2,100 SF unit and fully leased and tenant pays utilities. 111 N Elkhart St includes 2 main level retail spaces, front and back, and 4 upstairs 1-bedroom apartment units. The front half is leased with a gross lease and the back half is ready for a new tenant to finish the space to their needs. Back unit also includes a dock and lower level storage access with a drive down ramp. 3 of the 4 upstairs apartments are currently rented and tenants pay electric. Current total income: $32,400. Potential opportunity for more income. Zoned B-1 Neighborhood Business District. Taxes: $4,139 Tax Year: 2019
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