Description
Excellent investment opportunity in downtown Wakarusa. The property includes 2 attached buildings at 109 and 111 N Elkhart St. 109 N Elkhart is a 2,100 sf unit and fully leased with 1 year remaining on the lease. Tenant pays all utilities. 111 N Elkhart St. is 9,450 SF and includes 2 main level retail spaces, front and back, and 4 upstairs 1-bedroom apartment units. The front half of downstairs retail is Vacant. Back half of unit and basement leased until end of year (2023). Back unit includes a dock and basement/warehouse space is approx. 2,000 sf with high ceilings and drive-in ramp access in back on building. The 4 upstairs apartments are currently rented and all tenants pay electric. Current total income: $33,000. Financial Sheet is attached. Potential opportunity for more income! Zoned B-1: Neighborhood business district. Taxes: $4,200.
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0BEDS
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0.32ACRES
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0BATHS
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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 is a 2,100 sf unit and fully leased with 1 year remaining on the lease. Tenant pays all utilities. 111 N Elkhart St. is 9,450 SF and includes 2 main level retail spaces, front and back, and 4 upstairs 1-bedroom apartment units. The front half of downstairs retail is Vacant. Back half of unit and basement leased until end of year (2023). Back unit includes a dock and basement/warehouse space is approx. 2,000 sf with high ceilings and drive-in ramp access in back on building. The 4 upstairs apartments are currently rented and all tenants pay electric. Current total income: $33,000. Financial Sheet is attached. Potential opportunity for more income! Zoned B-1: Neighborhood business district. Taxes: $4,200.
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