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$1,980,000
Est. payment /mo
12,948 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 12,948 sqft
Price per Sqft $152
Subdivision Monticello Park
MLS Listing ID 848215
HOA Y/N No
Year Built 1980
Annual Tax Amount $32,629
Tax Year 2025
Lot Size 10,018 Sqft
Acres 0.23
Property Sub-Type Multi Family
Property Description
Excellent investment opportunity in Valparaiso! This 14 unit multifamily portfolio consists of four buildings on the same block in the established Jefferson Park neighborhood. The portfolio features three fourplexes and one side by side duplex, totaling approximately 12,948 square feet across 0.88 acres. Built between 1980 and 1981, the properties offer a diverse unit mix of seven 2 bedroom, 1.5 bath units, six 1 bedroom, 1 bath units, and one 1 bedroom, 1.5 bath unit. Each unit features individual heating and A/C systems, water heaters, and tenant paid utilities. Current annual gross rental income is 199,980, with annual operating income of 135,024 and a cap rate of 6.82 percent. Significant rental upside with projected market rents of 247,200 annually and projected operating income of 174,317. Conveniently located near downtown Valparaiso, schools, shopping, and major transportation routes. All four buildings are being offered together as one portfolio sale. See Offering Memorandum for complete financials and property details.
Location
State IN
County Porter
Zoning Residential
Interior
Heating Forced Air, Natural Gas
Fireplace N
Exterior
View Y/N true
View Neighborhood
Building
Sewer Public Sewer
Water Public
Schools
School District Valparaiso
Others
Tax ID 641018327006000004
Acceptable Financing NRA20261112192544934379000000
Listing Terms NRA20261112192544934379000000
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Listed by Ellsbury Group • Tariq Suboh
Nearby Locations
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