202 5Th St Fowler, IN 47944
- Mixed-use properties
- 0.25 lot acres
Current Use by Public Records
- Mixed-use properties
Property Details for 202 5Th St
- Year built
- 1900
- Lot size
- 0.25 lot acres
- Property type
- Mixed-use properties
Description
This exceptional investment opportunity presents a 16-unit mixed-use commercial property located at 202 E 5th Street, Fowler, Indiana, on a 0.25-acre lot. Priced at $690,000, this property boasts an impressive 8.5% capitalization rate, making it a highly attractive addition to any real estate portfolio. Significant capital improvements exceeding $100,000 have been completed within the last 90 days, including a new roof, new exterior doors, and a new upper deck. Currently, the property enjoys an 81% occupancy rate, offering immediate cash flow and substantial potential for increased revenue through achieving 100% occupancy. The property's mixed-use nature provides versatility and potential for diverse income streams. This is a turnkey investment ready to generate passive income. The recent upgrades ensure long-term value and minimize immediate maintenance needs. Financial records are available upon request to qualified buyers. This is a rare opportunity to acquire a well-maintained, high-performing commercial property in a desirable location. Don't miss out on this chance to significantly enhance your investment portfolio.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Fowler
- County
- Benton
- State
- Indiana
- Longitude
- -87.3219
- Latitude
- 40.6175
