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Property profile & analytics
OFF-MARKET
Residential income homes
706 Ross Ave Warsaw, IN 46580-2277
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US31-2379703
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1969
Construction
WOOD
Total area
4,438 SF
Lot
0.65 ac (28,204 SF)
Zoning code
R-3
APN
43-11-05-200-265.000-032
UPID
US31-2379703
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Bailey Ness · 2 yrs held
Bailey Ness
since 2024
Last sale
$430,000
6 recorded transactions
Zoning & alternative use
R-3 · Warsaw, IN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Mobile home/manufactured home community shall be permitted in the R-3 zone district, provided that they meet other requirements of this ordinance. w. Mobile home/manufactured home subdivisions shall be permitted in the R-1, R-2 and
Zone name
Single And Multifamily Residential Professional Office District
General category
CIVIC_INSTITUTIONAL
Zone area
416.50 ac
Source
code of ordinances
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Warsaw submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Warsaw submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$5,608
Tax year 2023
Assessed value
$270,000
Assessed 2023
Previous assessed
$270,000
+0.0% YoY
Effective rate
2.08%
On assessed value
Assessed land
$186,300
Assessed improvement
$83,700
Land market value
$186,300
Improvement market value
$83,700
Total market value
$270,000
Applied tax rate
32.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
1969
Construction
WOOD
Heating
NONE
Stories
3
Units
4
Total area
4,438 SF
Lot
0.65 ac (28,204 SF)
Zoning code
R-3
APN
43-11-05-200-265.000-032
UPID
US31-2379703
Jurisdiction
KOSCIUSKO
Zoning & alternative use
R-3 · Warsaw, INZoning R-3 · permitted uses
R-3 · Warsaw, IN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Mobile home/manufactured home community shall be permitted in the R-3 zone district, provided that they meet other requirements of this ordinance. w. Mobile home/manufactured home subdivisions shall be permitted in the R-1, R-2 and
Zone name
Single And Multifamily Residential Professional Office District
General category
CIVIC_INSTITUTIONAL
Zone area
416.50 ac
Source
code of ordinances
Building & site characteristics
From public records
Year built
1969
Construction
WOOD
Heating
NONE
Stories
3
Units
4
Lot
0.65 ac
Current owner
From public records · entity-resolved
Bailey Ness
Individual
Mailing address
706 ROSS AVE APT D, WARSAW, IN 46580-2277
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 9, 2024
$430,000
Bailey Ness
Rosemary Rentals LLC
Warranty Deed
$344,000 · United Wholesale Mortgage
Nov 18, 2022
$410,000
Rosemary Rentals LLC
Debra G Lowe
Warranty Deed
$328,000 · Interra Cu
Nov 3, 2022
—
Debra G Lowe
Glenda V Correira
Quit Claim Deed
related
—
Apr 29, 2021
—
Elena F Kiley
Donald T Correira
Warranty Deed
—
Oct 16, 2019
—
Donald T Correira
Donald T Correira
Correction Deed
related
—
Aug 11, 2017
—
Donald T Correira
Donald T Correira
Quit Claim Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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