1 - Triplex, 1 residential , 1 VRBO, Lot
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1 - Triplex, 1 residential , 1 VRBO, Lot
3 Properties Offered at $866,610 CAD in Nappanee, IN
INVESTMENT HIGHLIGHTS
- Positive Cashflow
- Potential for additional units
- Long term Tenants
EXECUTIVE SUMMARY
3 properties in Nappanee. 2 in desirable neighborhood in the North East section of Nappanee. One is a triplex [with Quad potential] sits near a dead end street and comes with a small lot area. Another is a large 2BD /1BTH residential rental home with a spacious fenced yard. It is right by the park and Northwood sub-division / schools. The last one is fully remodeled 4BD/2.5BTH (is currently listed for sale separately as well but listing can be pulled) it severed as a VRBO prior to remodel.
DATA ROOM Click Here to Access
TAXES & OPERATING EXPENSES (ACTUAL - 2023) |
ANNUAL (CAD) |
|---|---|
| Gross Rental Income |
$5,200
|
| Other Income |
-
|
| Vacancy Loss |
-
|
| Effective Gross Income |
$5,200
|
| Taxes |
-
|
| Operating Expenses |
-
|
| Total Expenses |
$1,011
|
| Net Operating Income |
$4,189
|
TAXES & OPERATING EXPENSES (ACTUAL - 2023)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $5,200 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $5,200 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $1,011 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $4,189 |
PROPERTY FACTS
| Price | $866,610 CAD | Status | Active |
| Price / SF | $75.57 CAD / SF | Number of Properties | 3 |
| Sale Condition | Bulk/Portfolio Sale | Individually For Sale | 0 |
| Cap Rate | 1.08% | Total Building Size | 11,467 SF |
| Sale Type | Investment or Owner User | Total Land Area | 0.57 AC |
| Price | $866,610 CAD |
| Price / SF | $75.57 CAD / SF |
| Sale Condition | Bulk/Portfolio Sale |
| Cap Rate | 1.08% |
| Sale Type | Investment or Owner User |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 11,467 SF |
| Total Land Area | 0.57 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 602 W Market St, Nappanee, IN 46550 | Flex | 2,628 SF | 1920 | - |
| 752 N Hartman St, Nappanee, IN 46550 | Multifamily | 2,000 SF | 1960 | - |
| 206 Broad Ave, Nappanee, IN 46550 | Multifamily | 6,839 SF | 1949 | - |
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Surety Property Management
1 - Triplex, 1 residential , 1 VRBO, Lot
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