116 West Van Buren - Columbia City INVESTMENT

Multi-Family for Sale
Also listed as Retail-Commercial, Business Opportunity
Catylist Listing ID: 30754596
Property Subtypes: Duplex/Fourplex, Mid-Rise, Mixed Use, Other
Number of Units: 5 Units
Building Size (RSF): 8,190 SF
Gross Building Area: See Agent
Sale Price: $870,000
Unit Price: $174,000 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 7.6%
Average Occupancy Rate: 100
Last Updated: 9/13/2021

Overview / Comments

Investment property located in the heart of downtown Columbia City, across from the courthouse, adjacent to a beautiful outdoor entertainment space. 100% Occupied, 5 Tenants (4 Apartments & 1 Restaurant). Restaurant owner operates many successful restaurants in various locations throughout the United States.

FOR MORE INFORMATION ON THIS, AND ALL BND PROPERTIES, PLEASE VISIT OUR WEBSITE AT www.bnd.net.

Additional Details

Nearest MSA: Fort Wayne
County: Whitley
Tax ID/APN: 920611500407007004
Zoning: CB - CENTRAL BUSINESS
Percent Occupied: 100%
Community Amenities: Restaurant(s)
Total Number of Buildings: 1
Property Condition: Excellent
Number of Stories: 3
Year Built: 1897
Year Renovated: 2020
Roof Type: Other
Laundry: In Each Unit
Sprinklers: None
Heat Type: Electricity
Heat Source: Central
Fuel: Gas, Electric
Air Conditioning: Engineered System
Zoning Description: CB - Central Business
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,438 10,769 15,820
Median Age: 35.72 37.95 39.31
Households: 1,839 4,352 6,271

Contact

Photograph of Listing Agent

Tyler Kellerman

BND Commercial, LLC ICREX Member
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