5056 N Pawnee Trl - Apartments FOR SALE


La Porte, IN 46350
$3,000,000 USD
312-361-1647
5056 N Pawnee Trl, La Porte, IN for Sale
$3,000,000 USD
Apartments - FOR SALE
1/16
null | 8.19% Cap Rate

5056 N Pawnee Trl
La Porte, IN 46350


HIGHLIGHTS

  • Access & Connectivity
  • Area Amenities & Demand Drivers
  • Upside Potential with Rent Growth
  • Separately Metered Utilities
  • Off-Street Parking & Amenities
  • Strong Rental Demographics & Demand

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the multi-family investment property, known as “The Pawnee Trail Townhomes”, located at 5056 N Pawnee Trail in LaPorte, IN (the “Property”). The two-story, direct-entry townhome style units have a total of thirty (30) units comprised of sixteen (16) 2-Bedroom/1.5-Bathroom units, six (6) 3-Bedroom/1.5-Bathroom units, and eight (8) 3-Bed/2.5-Bathroom units with 39,112 square feet of gross living area in 42,000 square feet of gross area. The Property is situated upon 10-acres and features sixty (60) off street parking spaces. The Property is well-positioned in a residential area of LaPorte, Indiana, offering convenient access to the city’s local retail corridors, employment centers, and surrounding neighborhoods. The property benefits from strong regional connectivity via nearby State Road 2, U.S. Route 35, and Interstate 94, providing efficient travel to nearby economic hubs including Michigan City, Indiana and South Bend, Indiana, as well as broader access to the Chicago, Illinois metropolitan area. This accessible location places residents within close reach of regional shopping, employment opportunities, and recreational amenities while maintaining the appeal of a quieter residential setting within Northwest Indiana.

FOR SALE DETAILS

PRICE

$3,000,000 USD

PRICE/SF

$71 USD /SF

# OF UNITS

30

PRICE/UNIT

$100,000

CAP RATE

8.19%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Pawnee Trail Townhomes

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1970

PARKING SPACES

60

LAND DETAILS

LAND ACRES

10 AC

LAND SF

435,600 SF

ZONING

-

APN/PARCEL ID

46-06-05-326-005.000-062,46-06-05-326-006.000-062,46-06-05-326-007.000-062,46-06-05-326-010.000-062,46-06-05-326-011.000-062,46-06-05-326-012.000-062,46-06-05-326-013.000-062,46-06-05-326-014.000-062,46-06-05-326-016.000-062,46-06-05-326-017.000-062,46-06-05-326-018.000-062,46-06-05-376-001.000-062,46-06-05-377-002.000-062,46-06-05-377-004.000-062

ASK ABOUT THIS PROPERTY

Anthony SpanglerHorvath & TremblayMore Info
312-361-1647

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

Anthony SpanglerHorvath & TremblayMore Info
312-361-1647

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