202 5Th St Fowler, IN 47944

This exceptional mixed-use investment opportunity in Fowler, Indiana, presents a compelling proposition for discerning investors. Located at 202 E Fifth St, this property boasts a substantial 15,560 square feet across a two-story building, constructed in 1900. The property features sixteen units, currently operating at 81% occupancy, with fourteen tenants under a gross lease agreement. The building is zoned for commercial use and includes sixteen parking spaces. Recent capital improvements, completed within the last 90 days, include a new roof, new exterior doors, and a new upper deck, enhancing the property's value and appeal. The property's strong financial performance is highlighted by a current net operating income (NOI) of $62,082, translating to an attractive 8.50% capitalization rate. This presents a significant opportunity to increase profitability through achieving 100% occupancy. The asking price for this individual ownership property is $775,000. This well-maintained building offers a blend of residential and retail space, making it an ideal investment for those seeking a diversified portfolio with substantial income potential. The property's location in Fowler, IN, provides access to a thriving local market.