701 W Beardsley Avenue Elkhart, IN 46514
New
- Added:
- Apr 13, 2026
- Days on Market:
- 3
- Last Refresh:
- Apr 15 at 3:06 am
Property Features for 701 W Beardsley Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Bathrooms
- 12
- Rooms
- Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5
- Parking
- 12
- Parking features
- Off Street
- Interior features
- Drywall, None
- Exterior features
- None
- Standard status
- Active
- APN
- 20-06-06-279-011.000-012
- Lot size
- 0.33 Acres
Taxes and HOA fees
- Tax Annual Amount
- 5370.22
Utilities
- Heating system
- Electric (Heating), Forced Air, Natural Gas
Building Details
- Year built
- 1950
- Floors in Building
- 2
- Flooring type
- Carpet, Vinyl
- Building materials
- Brick
- Roof type
- Shingle
- Architectural style
- Other
Listing agent Steve Miller License #RB14020487 (574) 238-1436
Listing office RE/MAX Results 2134 Elkhart Rd., Goshen, IN (260) 490-1590
Listing date Apr 13, 2026
MLS# 202613041
Listing URL
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.
Overview
Elkhart Multifamily Investment Opportunity
This 12-unit multi-family property in Elkhart, Indiana, presents an investor opportunity with potential for increased income. The property currently generates $82,200 annually, with an approximate adjusted gross income of $55,000. Ten units are occupied, and two are ready for renovation and lease-up, including one vacant unit nearing completion. Recent electrical improvements enable future separation of utilities, which could reduce expenses and increase net operating income. The property also features a pole barn that offers added income potential. A durable rubber roof is in place, and the boiler is approximately 8 to 10 years old. The 0.325-acre lot is located in Elkhart County.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Elkhart
- County
- Elkhart
- State
- Indiana
- Longitude
- -85.985642
- Latitude
- 41.692658
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - 12-unit property with income and upside potential in Elkhart.
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: Strong in‑place income of $82,200 annually with approximately $55,000 AGI.; 12‑unit multi‑family property with upside potential.; Opportunity to separate utilities due to recent electrical improvements, reducing expenses and increasing NOI.
