Lake of the Woods Apartments represents an opportunity to acquire a fully occupied multifamily investment property that is great for a hands-on owner/manager. This Cardinal Industries built complex consists of 5 buildings: two 2-story buildings and three 1-story buildings. Unit mix includes: (2) 2-Br - 1-Ba upstairs units; (8) 2-Br - 1-Ba downstairs units; (2) 1-Br - 1-Ba upstairs units; and (7) 1-Br - 1-Ba downstairs units. The property is in good condition and has a history of near-100% occupancy for several years.

Location Description:

The property is located on Lake of the Woods on the north side of Geneva, Indiana. Geneva is located on US Hwy 27 in Wabash Township at the southern end of Adams County, approximately 38 miles south of Fort Wayne and 100 miles northeast of Indianapolis. Geneva is the location of the Limberlost Cabin, the home of writer and naturalist Gene Stratton Porter. Major employers in Geneva include Red Gold Products and Elkhart Products.

Highlights:

>> Multifamily Investment Package - 19 units

>> Great Opportunity for Hands-On Owner/Manager

>> Beautiful Views of Lake of the Woods

>> Quiet Residential Area in Rural Community

>> All Buildings on Crawl Spaces - Easy Access for Repairs/Maintenance

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Sales Info:

>> Commision split: 3.0%