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704 Bower ST. Elkhart, IN 46514
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Key Details
Sold Price $180,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
Square Footage 4,256 sqft
MLS Listing ID 202523053
Sold Date 07/18/25
Style Two Story
Bedrooms 2
Full Baths 2
Half Baths 2
Abv Grd Liv Area 4,256
Total Fin. Sqft 4256
Year Built 1930
Annual Tax Amount $3,500
Tax Year 2024
Lot Size 5,662 Sqft
Property Sub-Type Triplex
Property 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.
Location
State IN
County Elkhart County
Area Elkhart County
Direction From Downtown Elkhart, head north on Main St. Turn left onto E Jackson Blvd, then right onto Cassopolis St. Turn right onto Bower St. Continue past Prairie St. Property is on the left just before N Michigan St.
Rooms
Family Room 750
Dining Room 0 x 750
Interior
Flooring Mixed
Appliance Building, Land
Laundry , 3
Exterior
Garage Spaces 1.0
Amenities Available Basement, Storage, Cable Available, Countertops-Laminate, Water Heater Gas
Total Parking Spaces 3
Building
Lot Description Level
Story 2
Structure Type Brick
New Construction No
Schools
Elementary Schools Mary Daly
Middle Schools West Side
High Schools Elkhart
School District Elkhart Community Schools
Others
Financing Cash,Conventional
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IDX information provided by the Indiana Regional MLS
Bought with Kavita Patel • McKinnies Realty, LLC Elkhart
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