2316 S Lake Sharon Road
Property Description
Opportunity awaits with this versatile duplex in a fantastic location between Warsaw and Winona Lake, featuring views of Lake Sharon! Originally built as a single-family home, this one-story property offers flexibility for its next owner. Currently configured as two separate units, each featuring 2 bedrooms and 1 full bathroom, the property provides an opportunity to generate rental income or convert back into a single-family residence. Both units are currently occupied by long-term tenants on month-to-month leases, offering immediate income with flexibility for future plans. With both units currently rented below market rates, there is potential to increase rental income and improve the property's overall return. Whether you're an investor looking to expand your portfolio or a buyer interested in creating a single-family home or a way to have a lower mortgage payment, this property offers plenty of possibilities. Conveniently located within 4 miles of the Village at Winona, Grace College, and the Winona Heritage trails, with the added bonus of peaceful water views of Lake Sharon, you don't miss this opportunity!
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $179,000 |
| No. of Units: | 2 |
| Year Built: | 1967 |
| Lot Size: | 2,104.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $89,500 |
| Number of Bedrooms: | 4 |
| Number of Bathrooms: | 2 |
ID: 3yd-KBORIN-202645709
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