Listed by Diversified Commercial Real Estate
$1,095,000
8940 White Oak Ave
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 6,216
Units 6
Cap Rate 6.25%
NOI $68,458
Occupancy 100%
Tenancy Multi
Price per SqFt $176
Year Built 1961
Buildings 1
Acreage 0.270
Parking Spaces 2 spaces
Parking per 1,000 SqFt 0.32
Investment Type Stabilized
Multifamily | 6 Units | $182,500/unit
Marketing description
This is a Fully Occupied, 6-Unit Apartments building featuring 100% BRICK exterior with (1) 1-Bed & (5) 2-Bed Apartments. Common area Laundry Room (2 Speed Queen Washers & 2 Speed Queen Dryers). Baseboard boiler heat and individual air conditioning units in each apartment. Nearly all are individually metered for gas/electric. 2 on-site parking spaces with street parking.
Located in desirable Munster Indiana with excellent school system and only 25-miles to downtown Chicago. The property lies near Single-Family homes and public parks.
Investment highlights
- All-Brick Exterior
- 100% Leased
- Low Indiana Taxes
Listing Contacts
Listed by Diversified Commercial Real Estate
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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$68,458.00
$5,704.83/mo
Valuation Metrics
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DSCR
6.25%
Cap Rate
6.25%
ROI
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