2080 E Rand St - Apartments FOR SALE


Hobart, IN 46342
$1,195,000 USD
219-836-4740
2080 E Rand St, Hobart, IN for Sale
$1,195,000 USD
Apartments - FOR SALE
1/16
null | 7.31% Cap Rate

2080 E Rand St
Hobart, IN 46342


HIGHLIGHTS

  • 100% Leased
  • Entire Building & Apartments were Updated in 2023
  • Coin-Operated Laundry Room

OVERVIEW

RARE 100% UPDATED, 8-Unit Apartment Building featuring (8) 1-Bed Apartments with coin-operated Laundry Room for extra income. All apartments have NEWER Vinyl Flooring, Kitchen Cabinet, GRANITE Kitchen Countertops, Stainless Steel Appliances (Fridge, Microwave, Oven), Plumbing Fixtures, Lighting Fixtures and Custom Bathroom Tile-surround Bathtubs. The Common hallways and Building Exterior has been Updated & the recently paved Parking Lot in 2023. Storage Lockers on the 2nd Floor for all Tenant. Each Apartment has Individual Wall Air-Condition Units. Tenant pays Gas/Electric. Easy access to Interstate-94 & Interstate-65 and close to just a few blocks from shopping (Planet Fitness, Dunkin Donuts, Strack & VanTil, Jimmy Johns). 6-Miles to Portage and 10-Miles to Merrillville.

FOR SALE DETAILS

PRICE

$1,195,000 USD

PRICE/SF

$180 USD /SF

# OF UNITS

8

PRICE/UNIT

$149,375

CAP RATE

7.31%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1973

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.38 AC

LAND SF

16,596 SF

ZONING

-

APN/PARCEL ID

45-09-28-128-009.000-018

ASK ABOUT THIS PROPERTY

Michael LarsonDiversified Commercial Real EstateMore Info
219-836-4740

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Michael LarsonDiversified Commercial Real EstateMore Info
219-836-4740

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