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684-670 Strong Avenue Elkhart, IN $ 2,890,000
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$ 2,890,000 Get more info
684-670 Strong Avenue
$ 2,890,000
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684-670 Strong Avenue

Elkhart, IN, 46514
$ 2,890,000
Bedrooms32 Baths32.0 Sq 22,020

Monthly Estimate*

$ 20,188

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Multi-Family Home for sale in Elkhart, IN

for $2,890,000 with 32 bedrooms and 32 full baths. This 22,020 square foot home was built in 1926.

INVESTMENT OPPORTUNITY! 8 multi family buildings/32 apartments with great cash flow. Average rent is $900/month/apartment. 9% cap rate. These would make a perfect 1031 exchange investment. Located in the popular Strong Avenue area of Elkhart. Close to the Riverwalk, Aquatic Center, restaurants, shops and all that downtown Elkhart has to offer.

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Multi-Family Active

Price

$ 2,890,000

Bedrooms

32

Full Bath

32

Property Type

Multi-Family

Taxes

$ 16,051

Style

Fourplex

Year Built

1926

Town/City

Elkhart

County/Region

Elkhart

MLS | Web ID

202401364
Features
General
Heating Hot Water
Cooling None
Sewer City
Pool Y/N No
Status Active Active
Full Baths 32
Half Baths 0
Bathrooms 32
Year Built 1926
Parking Gravel Off Street Street
New Construction No
Tenant Pays Electric
Subdivision None
Style Two Story
Stories 2
Township Concord
Class INVESTMENT
Type Fourplex
Age 98
Net Income 280785
Rent Income 315360
Features Off Street Parking Eat-In Kitchen
REO No
Area Elkhart County
High School Elkhart
City Elkhart
School District Elkhart Community Schools
Total Sq Ft 31695
Street Name Strong
Elementary School Mary Daly
Middle School West Side
Legal Description SS STRONGS RIVERSIDE ADD S 68 FT LOT 97
Virtual Tour https://www.propertypanorama.com/instaview/irmls/202401364
Agent First Name Heidi
Agent Last Name Gaskill
DOM 108
Tax Year 2023
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Interior
Basement Michigan Basement
Flooring Carpet Laminate
Beds 32
Total Number of Units 32
Microwaves 0
Refrigerators 32
Washers 0
Dryer(s) 0
Dishwasher(s) 0
Disposal(s) 0
Above Grade Bedrooms 32
Below Grade Baths 0
Below Grade Bedrooms 0
Total Rooms Below Grade 8
Ranges/Ovens 32
W/D Hookups 0
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Exterior
Exterior Aluminum
Number of Parking Spaces 32
Lot Size Area 43560
Lot Dimensions 200 x 218
Lot Description Level
Outbuilding None
Waterfront Y/N No
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* Excluded Features
List By
Heidi Gaskill

Listing Agent

Berkshire Hathaway Homeservices Elkhart

Broker

heidigaskill@bhhsni.com

Email

Affordability Calculator

$21,525
Per Month
94%
6%
0%
Monthly Principal & Interest
$20,188
Monthly Property Taxes
$1,338
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
1235677 Elementary School
1237294 Middle School
Elkhart High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
1/12/2024$2,890,000 Listed Price

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684-670 Strong Avenue, Elkhart, IN, 46514 is a Multi-Family Home for sale at $2,890,000 with 22,020 sqft. 684-670 Strong Avenue has 32 bedrooms, 32.0 baths, and was built in 1926. The property's zip code is 46514 which is in Elkhart, IN

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