Sturdy-McCord Apartments Multi-Family FOR SALE


Valparaiso, IN
$2,900,000 USD
219-805-5200
, Valparaiso, IN for Sale
$2,900,000 USD
Multi-Family - FOR SALE
1/23
null | 7.31% Cap Rate

Sturdy-McCord Apartments
Valparaiso, IN


HIGHLIGHTS

  • Five separately parceled apartment buildings offered in one portfolio sale.
  • Uniform two-bedroom floor plans support streamlined management and leasing.
  • Twenty private garage spaces include electric openers for resident convenience.
  • Individual HVAC systems and water heaters allow unit-level capital planning.
  • Residents pay major utilities, limiting ownership operating responsibilities.
  • Located near Downtown Valparaiso, Valparaiso University, and Northwest Health-Porter.

OVERVIEW

Sturdy-McCord Apartments presents the opportunity to acquire a five-building, 20-unit multifamily portfolio in Valparaiso, Indiana. The portfolio consists of five separately parceled four-unit apartment buildings offered together in a single transaction, creating immediate scale within one of Northwest Indiana's established rental markets. The asset features a uniform unit mix of twenty two-bedroom, one-bath residences, providing operational consistency and broad tenant appeal. Each building is paired with a detached four-car garage, delivering a total of 20 private garage spaces with electric openers, an amenity not commonly found in comparable apartment properties. The portfolio benefits from an efficient operating structure with residents responsible for water, sewer, trash, electric, and gas service. Ownership is responsible primarily for common electric, landscaping, snow removal, insurance, taxes, and management. Individual furnaces, air conditioning units, and water heaters serve each residence, allowing maintenance and replacement expenses to be addressed on a unit-by-unit basis. Located approximately 1.5 miles from Downtown Valparaiso and the US-30 commercial corridor, the property offers convenient access to major retail, dining, healthcare, and employment destinations. Valparaiso University and Northwest Health-Porter are both located within approximately two miles of the portfolio, while Interstate 94 and the Indiana Toll Road provide regional connectivity throughout Northwest Indiana and the greater Chicago metropolitan area. The portfolio's in-place performance, documented capital improvements, private garage amenity package, and demonstrated rental growth potential position the asset as an attractive investment opportunity within a stable and established multifamily market.

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.