$180,000
For Sale

704 Bower ST.

Elkhart, IN 46514
5628 sqft | 2 beds | 2 baths | #202523053
Browse 18 photos
Type:Purchase
Structure:Townhouse
Zone:Residential

Description

Investor Opportunity – Prime Mixed-Use Potential! Exceptional value-add opportunity in the heart of Elkhart! This mixed-use property features a main-level commercial space—currently operating as a convenience store—which will be delivered vacant. All inventory, shelving, and refrigeration units will be removed prior to closing, allowing a flexible blank canvas for redevelopment into a restaurant, retail, office, or additional residential units. Upstairs, two fully leased apartments are already generating rental income, providing immediate cash flow for investors. Estimated monthly rental income: $750, with room for future increases. Whether you're looking to expand your rental portfolio, start a new business, or develop a mixed-use asset, this property offers strong potential for ROI.

  • Property Details
      • CountyElkhart County
      • MLS #202523053
      • MLS #202523053
      • Property TypePurchase
      • Property SubtypeTriplex
      • Cost180000
      • Square Feet5628
      • Year Built1930
      • Bedrooms2
      • Bathrooms2

Location

Fulbright HomesBerkshire Hathaway HomeServices Edwardsburg
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10.0%

Interest Rate

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6.0%

Tax Rate

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2.6%
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