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$349,900   Price Analysis
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504 Ross Ave
Warsaw, IN 46580
7 bed 6 bath 4,006 SqFt ($87/SqFt)
0.32 acre lot. Built 1989
Listed 2024-05-06, Taxes $4,021
USDA Eligible
near Warsaw, IN
 Restrictions may apply
due to home size

Take a look at this extraordinary investment property right acrss from Pike Lake

Conveniently near downtown Warsaw! This duplex has been updated recently and has reliable tenants. Unit A features 3 bedrooms, 1.5 bathrooms and a sunroom, plus it comes with a newer furnace and AC system. Unit B has 4 bedrooms, 2 bathrooms, 2 half baths and an office space. Each unit offers 2, 000 sq ft of living space. Tenants cover their own electricity and gas, while the owner handles sewer and trash expenses.

Note that the photos were taken before the units were rented. This is a solid opportunity to invest in a property with steady cash flow. Unit A is currently being rented out for $1425/month and Unit B is being rented out for $1525/month. Owner pays $116/month for trash and sewer. Owner also pays for flood insurance and it's not costly. Property is being sold AS-IS. Schedule your showing today.


Presented by Berto Barrera at
RE MAX Results.
Listing Agent Photo

Property MLS #202415822 from IRMLS

Bedrooms: 7

Total Bathrooms: 3 / 3
Full Bathrooms: 3
1/2 Bathrooms: 3

# of Dishwashers: 2

Cooling Features: Central Air
Heating Features: Gas, Forced Air

Furnished Description: Building
Flooring: Carpet, Vinyl

Lot Description: Cul-De-Sac, Flood Plain
Lot Size Acres: 0.32
Lot Size Dimensions: 111x125
Lot Size Square Feet: 13939

Garage Spaces: 4

Elementary School: Harrison
High School: Warsaw
Middle School: Lakeview
School District: Warsaw Community

Lakeview Middle School is a public middle school located approximately 1.5 miles away.
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Harrison Elementary School is a public elementary school located approximately 1.5 miles away.
directions icon Map directions

Warsaw Community High School is a public high school located approximately 2.3 miles away.
directions icon Map directions

Living Stone's Preparatory School is a private elementary, middle and high school located approximately 1 miles away.
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Number of Units: 2
Number of 3 Bedroom Units: 1
Number of 4 Bedroom Units: 1
Bedrooms in Unit-1: 3
Bedrooms in Unit-2: 4
Total Bathrooms in Unit-1: 1.5
Unit 1 Total Actual Rent: 1425
Unit 2 Total Actual Rent: 1525

Income Includes: 35400
Lease Term: 1 Year
Tenant Pays: Cable, Cooling, Electric, Heating

Community Features: Ceiling Fan, Countertops-Laminate, Porch Enclosed, Water Heater Gas

Annual Tax Amount: 5242.76
Source Listing Status: Active
County: Kosciusko County
Directions: Use Maps or Google Maps
Source Property Type: INVESTMENT
Source Neighborhood: Devanathan
Owner Pays: Building Insurance, Sewer, Tax, Trash Collection
Parcel Number: 43-11-05-200-257.000-032
Subdivision: Devanathan
Township: Wayne
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2021$162,700 + $29,400
$192,100
$4,021
2020$153,500 + $22,900
$176,400
$3,695
2019$150,100 + $20,100
$170,200
$3,572
2018$141,200 + $18,200
$159,400
$3,346
2017$136,200 + $18,200
$154,400
$3,253
2016$131,500 + $16,300
$147,800
$3,117
2015$122,700 + $12,100
$134,800
$2,806
2014$126,400 + $12,100
$138,500
$2,770
2013$128,800 + $12,100
$140,900
$3,351
2012$132,800 + $12,100
$144,900
$3,469
2011$131,000 + $12,800
$143,800
$3,147
2010$133,700 + $13,000
$146,700
$3,004
2008$134,400 + $13,200
$147,600
$2,698
2007$134,400 + $13,200
$147,600
$1,751

Listed 2024-05-06
$349,900
IRMLS
Sold 2023-05-26
$305,000
IRMLS
Listed 2023-03-18
$315,000
IRMLS
Sold 2022-04-21
$205,000
IRMLS
Price Changed 2022-02-14
$260,000
IRMLS
Price Changed 2021-12-06
$299,000
IRMLS
Listed 2021-11-17
$350,000
IRMLS
Sold 2017-05-08
$95,000
Public Record
Listing removed 2017-03-07
$104,900
KosciuskoCounty
Price Changed 2016-11-21
$104,900
KosciuskoCounty
Price Changed 2016-10-03
$109,900
KosciuskoCounty
Price Changed 2016-06-02
$114,900
KosciuskoCounty
Listed 2016-04-01
$119,900
KosciuskoCounty
Listing removed 2015-09-30
$130,900
KosciuskoCounty
Price Changed 2015-06-26
$130,900
KosciuskoCounty
Listed 2015-04-20
$135,900
KosciuskoCounty
Listing removed 2009-05-26
$124,000
KosciuskoCounty
Listed 2007-05-31
$124,000
KosciuskoCounty

Net Operating Income: 28765.24

Total Square Feet Living: 4006
Year Built: 1989
Above Grade Finished Area: 4006
Property Age: 35
Structure Type: Duplex
House Style: Townhouse
Total Area Sqft: 4006

Sewer: City
Well
Water Sewer Expense: 1392
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.