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701 W Beardsley Avenue
Elkhart, IN 46514
Asking Price
$499K
Cap Rate
7.86%
Asset Type
Apartment Building Multifamily
Class
Class B
What's Special
Multifamily | 7.86% CAP | 12 Units <ul><li>Multiple Offer Deadline - 4/23/26 10pm, Response 4/24/26</li><li>Investor opportunity! This 12-unit multi-family property offers strong in-place income with significant upside potential</li><li>With a pro forma gross annual income exceeding $80,000, this property is well-positioned for growth</li><li>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</li><li>Recent electrical i
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NOI
$80,000
Cap Rate
16.03%
DSCR
2.70
Strong
Cash-on-Cash
33.65%
Monthly Payment
$2,468.78
Annual Cash Flow
$50,374.643