New Paris, IN 46553 19022 4th Street

$984,900

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Presented By: Trey Forbes with Weichert Realtors - Hoosier Heartland;
  • MLS# 202526099
  • 07/07/2025
  • Get pre-approved
  • Request Tour
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  • Baths • 11
  • SQFT • 7,764

Home Details

This exceptional multi-unit property offers an ideal investment in Elkhart County. The property consists of 11 units, combining for a total of 17 bedrooms and 11 bathrooms. The property is fully leased, providing stable cashflow with current rental income of $8,650 per month with room to improve! This property is positioned to deliver long-term value appreciation and consistent returns. Investors will benefit from both the immediate rental income and future growth potential! Several units were renovated in 2024 in addition to the boiler, water softener & well pump being updated since 2020. All electric is sub-metered per unit with a natural gas boiler for radiant heat throughout.
Presented By: Trey Forbes with Weichert Realtors - Hoosier Heartland;

Interior Features for 19022 4th Street

Other Interior Features

Basement Y/NYes
Burglar Alarm Y/NNo
Interior Height8
Smoke/Fire Alarm Y/NYes
Water Heater Y/NYes
FIRE PROTECTIONCity
Equipment Y/NYes
Basement/FoundationPartial Basement, Partially Finished
FlooringCarpet, Vinyl
WallsDrywall

General for 19022 4th Street

# of Buildings1
Age55
Agent First NameTrey
Agent Last NameForbes
Annual Taxes4500
AreaElkhart County
Associated Document Count
Auction Y/NNo
Bathrooms11
Ceiling Height8
CityNew Paris
ClassCOMMERCIAL
CoolingWall AC
DOM24
FIPS Code18039
HeatingGas, Hot Water
Legal DescriptionLUCINDA ROWELLS ADDITION TO NEW PARIS LOTS 11 & 12 & LOT 10 EX S 41.74FT OF W 100FT EX S PT BLK 9
LocationCity
ModificationTimestamp2025-07-09T03:16:15.5
New ConstructionNo
PROPOSED FINANCINGCash, Conventional
ParkingYes
ParkingLot
Present UseInvestment Property
REONo
RoofAsphalt, Shingle
SewerCity
Special FeaturesBasement
StatusActive
StatusActive
Status Detail0
Stories Count2
SubdivisionNone
Tax Year2025
TownshipJackson
TypeMixed Use
Virtual TourClick here
Year Built1970

Exterior for 19022 4th Street

Approx. Lot Size Acres0.68
Construction Type 1Multifamily
DrivewayAsphalt
ExteriorBrick
FenceNone
Ingress/EgressAsphalt
Lot Dimensions.68
Lot Size Area29621
Parking TypeLot
Road AccessCity
Road SurfaceAsphalt
Security Gate Y/NNo
Security Light Y/NYes
Sprinkler System Y/NYes
Water FeaturesNone
Water Softener Y/NNo
Waterfront Y/NNo

Additional Details

Price History

Wendy Robinson

Broker/Instructor
Price $984,900
MLS#202526099
List Date 07/07/2025
Property Type Commercial
Phone (219) 608-7541
Get pre-approved
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Request Info
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