Listed by Ellsbury Group
$949,000
6803 Schneider Avenue
Details
APN 450709154001000023
Property Type Multifamily
Sub Type Apartment Building, Duplex/Triplex/Quadruplex
NOI $68,107
Year Built 1951
Acreage 0.250
Parking Spaces spaces
Multifamily
Marketing description
This property located in the highly desirable South Hammond submarket and presents an excellent opportunity to acquire a well-positioned 10-unit multifamily asset just minutes from the Hammond campus of Purdue University Northwest. The property is situated in a stable rental corridor with consistent housing demand driven by students, faculty, local employers, and commuters. The property's proximity to Purdue University Northwest provides a strong tenant base and long-term occupancy potential, while convenient access to major highways including I-80/94 and Indianapolis Boulevard offers an easy commute throughout Northwest Indiana and the greater Chicago metropolitan area. Investors will appreciate the combination of scale, location, and value-add potential in one of Hammond's most established neighborhoods. With multifamily inventory in this area remaining limited, this property offers the opportunity to capitalize on durable rental demand and strong long-term cash flow potential. Whether you're seeking to expand an existing portfolio or acquire a strategically located multifamily investment this property represents a compelling opportunity in a growing Northwest Indiana market.
Listing Contacts
Listed by Ellsbury Group
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$68,107.00
$5,675.58/mo
Valuation Metrics
0
DSCR
7.18%
Cap Rate
7.18%
ROI
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