701 W Beardsley Avenue, Elkhart, IN 46514

Property Description

*Multiple Offer Deadline - 4/23/26 10pm, Response 4/24/26*Investor opportunity! This 12-unit multi-family property offers strong in-place income with significant upside potential. With a pro forma gross annual income exceeding $80,000, this property is well-positioned for growth. The building includes 9 leased units, 1 owner-occupied unit, and 2 vacant units needing improvements for occupancy—providing immediate value-add potential. Recent electrical improvements allow for future utility separation, offering a path to reduced expenses and increased NOI. Additional features include a pole barn, a durable rubber roof, and a boiler approximately 8–10 years old. Ideal for a buy-and-improve investor focused on building equity and maximizing returns.

Listing Status:

Pending

Date Added:

April 13, 2026

Data Last Updated:

May 22, 2026 at 7:59AM

Listing Office:

RE/MAX Results : 574-533-9581

Listing Agent:

Steve Miller : 574-238-1436

MLS ID:

202613041

Interior

• Basement: Full BasementUnfinished
• Flooring: CarpetVinyl
• A/C: None
• Heating: ElectricGasForced AirMultiple Heating Systems

Exterior

• General: Brick
• Parking: Off-StreetParking spaces: 12

Construction

• Roofing: Shingle

Lot

• Driveway: Gravel
• Zoning: N ELKHART LOT 57 *and* N ELK 44X82 1/2 FT LOT 5620-06-06-279-011.000-012
• Fencing: None