Twelve-Unit Apartment
701 W Beardsley Avenue Elkhart, IN 46514
701 W Beardsley Avenue, Elkhart, IN, 46514
$499,000
Pending
For Sale
$499,000
Pending
COMMERCIAL - Elkhart, IN
Lot Size0.33 Acres
Days on Market100
Property Features for 701 W Beardsley Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Rooms
- Basement
- Parking features
- Off Street
- Standard status
- Pending
- APN
- 20-06-06-279-011.000-012
- Lot size
- 0.33 Acres
Taxes and HOA fees
- Tax Year
- 51
- Tax Description
- N ELKHART LOT 57 *and* N ELK 44X82 1/2 FT LOT 56
- Tax Annual Amount
- 5370
Building Details
- Year built
- 1950
- Flooring type
- Vinyl, Carpet
- Roof type
- Shingle
Listing agency
RE/MAX Results
(574) 533-9581
Listed by
Steve Miller · License #CO88900013
(574) 238-1436
Added: Apr 13 Updated: Jul 6 at 3:59PM Checked: Jul 21 at 10:06AM
MLS# 202613041
Copyright © 2026 Elkhart County Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 12-unit apartment building on 0.325 acres includes 9 leased units, 1 owner-occupied unit, and 2 vacant units that require improvements before they can be occupied. The property has a durable rubber roof and includes a boiler approximately 8–10 years old. Recent electrical improvements are noted as supporting future utility separation, which may help reduce operating complexity going forward. Additional site amenities include a pole barn.
The property is located at 701 W Beardsley Avenue in Elkhart, Indiana. The listing indicates a multiple offer deadline of 4/23/26 at 10:00 PM, with responses due 4/24/26.
For investors or owner-operators looking for a buy-and-improve strategy, the mix of in-place leased units and two value-add vacancies supports active management. The stated pro forma gross annual income exceeding $80,000 provides a benchmark for underwriting, while the electrical work and utility separation approach may be relevant for expense planning once the remaining units are brought back online. The existing building systems and improvements already in place, including the roof and age of the boiler, can help inform maintenance and capital planning.
The property is located at 701 W Beardsley Avenue in Elkhart, Indiana. The listing indicates a multiple offer deadline of 4/23/26 at 10:00 PM, with responses due 4/24/26.
For investors or owner-operators looking for a buy-and-improve strategy, the mix of in-place leased units and two value-add vacancies supports active management. The stated pro forma gross annual income exceeding $80,000 provides a benchmark for underwriting, while the electrical work and utility separation approach may be relevant for expense planning once the remaining units are brought back online. The existing building systems and improvements already in place, including the roof and age of the boiler, can help inform maintenance and capital planning.
Key Highlights
- 12‑unit multi‑family building with 9 leased units, 1 owner‑occupied unit, and 2 vacant units needing improvements for occupancy
- Pro forma gross annual income exceeds $80,000
- Recent electrical improvements support future utility separation to help reduce expenses
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Twelve-unit multifamily asset with multiple vacancies and recent electrical improvements for future utility separation.
Where is this apartment building located?
The property is located at 701 W Beardsley Avenue Elkhart, IN.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: 12‑unit multi‑family building with 9 leased units, 1 owner‑occupied unit, and 2 vacant units needing improvements for occupancy; Pro forma gross annual income exceeds $80,000; Recent electrical improvements support future utility separation to help reduce expenses
