Last Sold Price
12 beds5,280 sqft$35/sqft
3566-3578 N Barbee Rd, Warsaw, IN 46582

Description

Attention investors: earn 11% net annual return on this affordable 8 plex, solid investment, 4~2 bedroom, and 4~1 bedroom units. Tenants pay own utilities, reasonable rent rates could be adjusted always 100% occupancy. Owner pays taxes, insurance and electric for common areas. Each building has a common washer/dryer area, and water softener for building. Net income is $29,800 per year after owner expenses. Building and units are in very nice condition, new roof on both buildings, paved parking lot,...Attention investors: earn 11% net annual return on this affordable 8 plex, solid investment, 4~2 bedroom, and 4~1 bedroom units. Tenants pay own utilities, reasonable rent rates could be adjusted always 100% occupancy. Owner pays taxes, insurance and electric for common areas. Each building has a common washer/dryer area, and water softener for building. Net income is $29,800 per year after owner expenses. Building and units are in very nice condition, new roof on both buildings, paved parking lot, survey on file~not in flood plain. Heart of the barbee area. Fantastic rate of return, tired of earning 1/4% on your cd's, this is your solution.
LISTING CLOSED: 08/15/2016 12:00 AM

  1. Listed by Greg White • Re/Max Lakes

Property Details for 3566-3578 North Barbee Road

Status
MLS #
201553919
Days on Market
198
Pet Policy
-
Taxes
$1,900 / year
HOA Fees
-
Condo/Co-op Fees
-
Property Type
MLS Type
Multi Family / Apartment Building
Year Built
1978
Style
Two Story
Subdivision
None
Waterfront
No
Pet Restrictions
No

Recent comparable sales

Median sold price

$185,000

Avg days on market

14

Sale-to-list ratio

99.7%

Warsaw, IN

9 comparable properties found

$180,500 | 5 EMS B73 Lane, Warsaw, IN 46582
1/34
1

$180,500

Sold 09/02/24

2
Bedrooms
932
Square Feet
0.07
Acres
2

$188,000

Sold 05/19/25

2
Bedrooms
2
Bathrooms
1,608
Square Feet
6.53
Acres
$205,000 | 8 EMS B61 Lane, Warsaw, IN 46582
1/29
3

$205,000

Sold 09/06/24

3
Bedrooms
1,205
Square Feet
0.51
Acres
$180,000 | 20 EMS B33 Lane, Warsaw, IN 46582
1/18
4

$180,000

Sold 06/02/25

3
Bedrooms
1,188
Square Feet
0.98
Acres
$185,000 | 26 EMS B57 Lane, Warsaw, IN 46582
1/37
5

$185,000

Sold 09/30/24

2
Bedrooms
956
Square Feet
0.11
Acres
$175,000 | 40 EMS B56 Lane, Warsaw, IN 46582
1/20
6

$175,000

Sold 04/17/26

2
Bedrooms
576
Square Feet
0.38
Acres
$174,000 | 39 EMS B60 Lane, Warsaw, IN 46582
1/29
7

$174,000

Sold 08/22/25

1
Bedrooms
636
Square Feet
0.1
Acres
$199,000 | 110 EMS B33 Lane, Warsaw, IN 46582
1/26
8

$199,000

Sold 11/22/24

5
Bedrooms
2,414
Square Feet
0.49
Acres
9

$185,000

Sold 10/04/24

2
Bedrooms
1
Bathrooms
1,232
Square Feet
0.16
Acres

Location

Listing Courtesy of Re/Max Lakes

Sold By RE/MAX Results- Warsaw

Add your commute

Building Information for 3566-3578 North Barbee Road

Building/Complex3566-3578 N Barbee RdFloor-Stories2Residences8Pet Policy-Pet Policy Details-Year Built1978Building Size-

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$1,099 per month

30 year fixed, 6.55% Interest

Principal and Interest

$940

Property Taxes

$158

HOA Dues

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Property Information for 3566-3578 North Barbee Road

Summary
Location and General Information
  • Area: Kosciusko County
  • City: Warsaw
  • Zip Code: 46582
  • State: IN
  • Township: Tippecanoe
  • Grid: 50 - N.E. Kosc.
  • Fips Code: 18085
  • Directions To Property: Armstrong Road to 700, turns into Barbee Lake Road, to sign.
Taxes and HOA
  • Assoc Dues Frequency: Not Applicable
  • Year Taxes Payable: 2015
  • Parcel Number Id: 43-08-28-100-120.000-023
  • Parcel Id 2: 430828100119000023
School Information
  • School District: Wawasee
  • Elementary: North Webster
  • Middle School: Wawasee
  • High School: Wawasee
Parking
  • Number Of Parking Spaces: 20
  • Parking: Paved
Property
Lot Information
  • Class: INVESTMENT
  • Property Subtype: Apartment Building
  • Approx Lot Size Acres: 1.21
  • Lot Dimensions: 1.21 ACRES
  • Below Grade Unfin Sqft: 0.0
  • Total Square Feet: 5280.0
  • Upper Level Sqft: 1320.0
  • Approx Lot Size Sqft: 52708.0
  • Above Grade Finished Sqft: 5280.0
  • Below Grade Finished Sqft: 0.0
  • Total Below Grade Sqft: 0.0
  • Total Finished Sqft: 5280.0
  • Above Grade Unfin Sqft: 0.0
  • Lot Description: Level
  • Main Level Sqft: 1320.0
Property and Assessments
  • New Construction: No
  • Year Built: 1978
  • Age: 38
  • Planned Unit Development: No
Green Features
  • Exemptions: No Exemptions
Utilities
  • Sewer: Septic
  • Water Utility: Well
Interior and Exterior Features
Exterior Features
  • Amenities: Water Heater Electric, Water Softener-Owned
  • Common Amenities: Laundry Facilities
  • Exterior: Vinyl
  • Outbuilding: None
  • Platted: Yes
  • Pool: No
  • Roof Material: Shake, Wood
Interior Features
  • Number of Dishwashers: 0
  • Number of Disposals: 0
  • Number of Dryers: 2
  • Number of Microwaves: 0
  • Number of Ranges/Ovens: 8
  • Number of Refrigerators: 8
  • Number of W/D Hookups: 2
  • Number of Washers: 2
  • Basement: No
  • Basement/Foundation: Crawl
  • Cooling: Wall AC
  • Flooring: Carpet
  • Heating/Fuel: Electricity, Baseboard
  • Stories: 2
  • Number of Above Grade Bedrooms: 12
  • Number of Below Grade Baths: 0
  • Number of Below Grade Bedrooms: 0
  • Total Number of Bedrooms: 12
  • Total Number of Full Baths: 8
  • Total Number of Half Baths: 0
  • Total Baths: 8
  • Number Total Rooms Below Grade: 0
  • Num Of 1 Bedrooms: 4
  • Num Of 2 Bedrooms: 4
  • Num Of 3 Bedrooms: 0
  • Num Of 4 Bedrooms: 0
Multi Family
Multi-Family Information
  • Num of Efficiencies: 0
  • Num of Units Rented: 8
  • Number of Buildings: 2
  • Number of Units: 8
Income & Expenses Information
  • Annual Electric Expense: $1,440.00
  • Annual Fuel Expense: $.00
  • Annual Gross Rent $: $35,040
  • Annual Insurance Expense: $1,000
  • Annual Maint. Expense: $0
  • Annual Misc: $0
  • Annual Net Income: $29,927
  • Annual Property Tax: $1,900
  • Annual Trash Expense: $728
  • Annual Water/Sewer Exp: $45
  • Gross Monthly Income: $2,920
  • Gross Monthly Rent: $2,920
Rental
Rental Information
  • Lease Term: Month to Month, 6 Months
  • Owner Pays: Building Insurance, Tax, Trash Collection, Other
  • Tenant Pays: Electric, Heating

Property History for 3566-3578 North Barbee Road

DateEvent & SourcePriceAppreciation
Aug 15, 2016

Sold

Indiana Regional MLS #201553919

$185,000
Jul 7, 2016

Pending

Indiana Regional MLS #201553919

Nov 23, 2015

Listed (Active)

Indiana Regional MLS #201553919

$267,000
DateEvent & SourcePrice
08/15/2016

Sold

Indiana Regional MLS #201553919

$185,000
07/07/2016

Pending

Indiana Regional MLS #201553919

11/23/2015

Listed (Active)

Indiana Regional MLS #201553919

$267,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Schools near 3566-3578 North Barbee Road

This home is within Wawasee Community School Corp.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 5
Rating
School
Distance
North Webster Elementary School
PublicPK to 5

Wawasee Middle School
Public6 to 8

Wawasee High School
Public9 to 12

Syracuse Elementary School
PublicK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 3566-3578 North Barbee Road, Warsaw, IN 46582
$185,000
12
5,280
52,708
2,904
23,087
2,904
29,621
$110,000
1
850
6,098
4
3
2,725
694,346
$340,000
2
1,239

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Re/Max Lakes

Based on information from one of the following Multiple Listing Services: MIBOR MLS,IRMLS,Southern Indiana REALTORS® Association,Southeastern Indiana Board of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by MIBOR MLS,IRMLS,Southern Indiana REALTORS® Association,Southeastern Indiana Board of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.