140 N West St - Apartments FOR SALE


Crown Point, IN 46307
$725,000 USD
219-378-8308
140 N West St, Crown Point, IN for Sale
$725,000 USD
Apartments - FOR SALE
1/35
null | Request Cap Rate

140 N West St
Crown Point, IN 46307


OVERVIEW

Exceptional commercial investment opportunity in the heart of Downtown Crown Point. Located just a half-block north of Bulldog Park and moments from the historic city square, this highly desirable 7-unit multifamily property generates $82,000 in steady gross annual rents. The asset features a versatile unit mix consisting of three 2-bedroom units, two 1-bedroom units, and two studio apartments. The building offers strong immediate cash flow with units that have been thoughtfully modernized and refreshed with updated aesthetic finishes. Value-add infrastructure includes a newly remodeled on-site laundry room equipped with coin-operated machines, providing a turn-key auxiliary revenue stream. Tenants benefit from convenient off-street parking on site and an unbeatable, walkable location close to premier downtown dining, boutique retail, and local community events. With stabilized rental income already in place and an irreplaceable location, this asset is an ideal addition to any growth-oriented commercial portfolio or 1031 exchange.

FOR SALE DETAILS

PRICE

$725,000 USD

PRICE/SF

$201 USD /SF

# OF UNITS

7

PRICE/UNIT

$103,571

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1951

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,750 SF

ZONING

-

APN/PARCEL ID

45-16-08-131-002.000-042

ASK ABOUT THIS PROPERTY

Mike BeczeMcColly Bennett Commercial AdvantageMore Info
219-378-8308

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Mike BeczeMcColly Bennett Commercial AdvantageMore Info
219-378-8308

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.