1923 Clark St - Apartments FOR SALE


Whiting, IN 46394
$1,800,000 USD
219-614-4578
1923 Clark St, Whiting, IN for Sale
$1,800,000 USD
Apartments - FOR SALE
1/6
null | 7.14% Cap Rate

1923 Clark St
Whiting, IN 46394


HIGHLIGHTS

  • 15 of 19 Units Remodeled!
  • 100% Occupied!

OVERVIEW

This all-Brick/Stone Building & Fully Occupied 19-Unit apartment building consisting of (1)-2bed/ 1-bath, (13) 1-bed/ 1-bath and (5) Studio Apartments. 15 of the 19 apartments have been Remodeled in the last 3 years. Each apartment is separately metered for NIPSCO (Gas/Electric). The apartments have wall air conditioners and boiler/radiator heat. The Landlord pays common area utilities, water, sewer, garbage. On-site laundry for additional income! Located in the heart of Downtown Whiting, this property is walkable to local restaurants, retailers and Lake Michigan. Less than 2-miles from Horseshoe Casino, Wolf Lake Pavilion, Lost Marsh Golf Course, Super Walmart, Starbucks & other national retailers. Only 17-miles to Downtown Chicago!

FOR SALE DETAILS

PRICE

$1,800,000 USD

PRICE/SF

$115 USD /SF

# OF UNITS

19

PRICE/UNIT

$94,737

CAP RATE

7.14%

% 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

1926

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,534 SF

ZONING

R-SF

APN/PARCEL ID

45-03-07-259-009.000-025

ASK ABOUT THIS PROPERTY

Michael LarsonDiversified Commercial Real EstateMore Info
219-614-4578

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

Michael LarsonDiversified Commercial Real EstateMore Info
219-614-4578

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