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    Renovated Triplex with New Furnace
    Updated: Jul 13
    Renovated Triplex with New Furnace

    616 N Michigan Street, Elkhart, IN 46514

    $198,900
    1,502 sqft 0.20 AC lot
    Renovated before the current three tenants moved in
    New furnace installed this year
    0.2‑acre lot with total property size of 1,502 SF
    Off‑street parking
    Laminate flooring
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    This listing looks promising.

    Here's a quick look at some key insights for

    616 N Michigan Street, Elkhart, IN 46514-2622

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    • Est. Cap Rate

      6.3%
      Above avg (5.9%)

    • Est. NOI

      $12K
      Annual

    • Price @ 7% Cap

      $178K
      Suggested

    • Property Type

      Row House
      Built 1902
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    Occupied Triplex Income Property
    Updated: Apr 12
    Occupied Triplex Income Property

    214 S 8th Street, Goshen, IN 46528

    Contact for pricing
    All three units are currently occupied; Unit A is month‑to‑month and the other two units are week‑to‑week.
    Buyer must agree not to raise rent on Unit A for 12 months after purchase.
    Tenants pay gas and electric.
    Roof is about 5 years old.
    Furnaces are approximately 6, 10, and 20+/- years old.
    View details
    Based on your search, we've compiled 2 Potential Opportunities for your consideration. Besides 2 Active listings in Elkhart County, IN, we suggest exploring several alternatives:

    Elkhart County, IN Triplexes Market Trends and Statistics

    Explore 2 triplexes for sale in Elkhart County, IN on our real estate platform. These investment opportunities span a total of 1,502 square feet of properties for sale, with an estimated market value of $198,900.

    Sale prices for three-family homes in Elkhart County, IN average $198,900 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Featured Elkhart County Real Estate Agencies

    Realmo connects you with licensed Elkhart County CRE brokers providing property specifications, local market pricing, and commercial transaction underwriting support.

    Myers Trust Real Estate
    23929 US Hwy 33 Elkhart, IN 46517
    Phone: 15748755149
    www.myerstrust.com

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