1623 Portage Ave - Apartments FOR SALE


Chesterton, IN 46304
$1,800,000 USD
219-614-4578
1623 Portage Ave, Chesterton, IN for Sale
$1,800,000 USD
Apartments - FOR SALE
1/1
null | 6.31% Cap Rate

1623 Portage Ave
Chesterton, IN 46304


HIGHLIGHTS

  • 100% Occupied!
  • 9 of 12 Units fully remodeled!
  • Coin-Op Laundry!

OVERVIEW

All-Brick & Fully Occupied 12-Unit apartment building consisting of (10)-2bed/ 1-bath units and (2) 1-bed/ 1-bath units. 9 of the 12 apartments have been Updated/Remodeled in the last few years. New roof, gutters, windows have been installed since 2011. Each apartment is separately metered for NIPSCO/Water/Sewer. The apartments have wall air conditioners and baseboard heat. The Landlord pays common area utilities, snow, landscape & garbage. On-site laundry! Parking in the front & rear of the building.

FOR SALE DETAILS

PRICE

$1,800,000 USD

PRICE/SF

$171 USD /SF

# OF UNITS

12

PRICE/UNIT

$150,000

CAP RATE

6.31%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1966

PARKING SPACES

29

LAND DETAILS

LAND ACRES

0.57 AC

LAND SF

24,829 SF

ZONING

R-3

APN/PARCEL ID

64-06-02-260-001.000-023

ASK ABOUT THIS PROPERTY

Michael LarsonDiversified Commercial Real EstateMore Info
219-614-4578

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Michael LarsonDiversified Commercial Real EstateMore Info
219-614-4578

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