Canden Crossing Multi-Family FOR SALE


Portage, IN
$12,250,000 USD
773-327-4975
, Portage, IN for Sale
$12,250,000 USD
Multi-Family - FOR SALE
1/13
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Canden Crossing
Portage, IN


HIGHLIGHTS

  • Excellent unit mix comprised of 82 Two Bedroom and 18 One Bedroom Units
  • Over $2,000,000 in Capital Projects since 2022
  • Attractive existing cash flow with opportunity to continue proven renovation strategy
  • Room to raise rents to market without rehab and additional rent attainable with continued rehab plan
  • 45 minutes from Chicago with central access to 90/94 and Lake Michigan
  • 230 parking spaces

OVERVIEW

33 Realty is delighted to present Canden Crossing a 100-unit multifamily investment opportunity in Portage, Indiana. The property straddles Interstate 80 and provides two unique housing options for tenants to call home. Built in 1972 and 1980, these apartments underwent a large remodel between 2022 and 2023, allowing an investor the opportunity to continue the rolling rehab of the property to continue to increase NOI through a proven renovation plan. The south side of the property is comprised of four larger buildings with concrete balconies and ample open space for tenants to enjoy. The north side of the property is composed of 13 smaller buildings tucked into a wooded setting. With the Portage/Ogden train stop minutes away this location makes it possible to easily access Chicago by rail or road, while giving tenants the ability to access all that Northwest Indiana has to offer.

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773-327-4975

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Austin Bol33 RealtyMore Info
773-327-4975

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