Listed by Diversified Commercial Real Estate
$1,800,000
1623 Portage
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 10,500
Units 12
Cap Rate 6.31%
NOI $113,580
Occupancy 100%
Pro-Forma Cap Rate 6.31%
Pro-Forma NOI $113,580
Price per SqFt $171
Year Built 1966
Buildings 1
Stories 2
Acreage 0.570
Zoning R3
Multifamily | 12 Units | $150,000/unit
Marketing description
All-Brick & Fully Occupied 12-Unit apartment building consisting of (10)-2bed/ 1-bath units and (2) 1-bed/ 1-bath units. 9 of the 12 apartments have been Updated/Remodeled in the last few years. New roof, gutters, windows have been installed since 2011. Each apartment is separately metered for NIPSCO/Water/Sewer. The apartments have wall air conditioners and baseboard heat. The Landlord pays common area utilities, snow, landscape & garbage. On-site laundry! Parking in the front & rear of the building.
Investment highlights
- 100% Occupied!
- 9 of 12 Units fully remodeled!
- Coin-Op Laundry!
Listing Contacts
Listed by Diversified Commercial Real Estate
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$113,580.00
$9,465.00/mo
Valuation Metrics
0
DSCR
6.31%
Cap Rate
6.31%
ROI
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