2201 Sturdy Rd - Multi-Family FOR SALE


Valparaiso, IN 46383
$539,000 USD
219-805-5200
2201 Sturdy Rd, Valparaiso, IN for Sale
$539,000 USD
Multi-Family - FOR SALE
1/29
null | 7.4% Cap Rate

2201 Sturdy Rd
Valparaiso, IN 46383


OVERVIEW

2201 Sturdy Road is an ideal investment for small to mid-size multifamily investors or owner occpupants seeking a low-maintenance, low expense property. Built in 1981, this four-unit, condo style building has an average unit sq ft of 856. Each unit features furnace heat, AC, individual water heaters, and in-unit washer and dryer. Two of the four units have been recently remodeled, giving the property a modern, move-in-ready appeal. The landlord is responsible only for common electricity, while tenants cover heat, water, sewer, trash, lawn care, and washer/dryer usage, minimizing operating responsibilities. All units are condo-style, enhancing appeal to long-term tenants. This property is being offered at $539,000, presenting an attractive opportunity for investors or owner occupants looking to acquire a turnkey, income-generating asset in Valparaiso.

FOR SALE DETAILS

PRICE

$539,000 USD

PRICE/SF

$156 USD /SF

# OF UNITS

4

PRICE/UNIT

$134,750

CAP RATE

7.4%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

2201 Sturdy Road, Valparaiso, Indiana

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1981

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

64-10-18-177-014.000-004

ASK ABOUT THIS PROPERTY

Tariq SubohEllsbury Commercial GroupMore Info
219-805-5200

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Tariq SubohEllsbury Commercial GroupMore Info
219-805-5200

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