Listed by Ellsbury Group
$550,000
5107 West 77th Court
Details
APN 451124227007000036
Property Type Multifamily
Sub Type Apartment Building, Duplex/Triplex/Quadruplex
Square Footage 3,112
Units 4
Cap Rate 6.21%
NOI $34,178
Occupancy 100%
Tenancy Multi
Pro-Forma Cap Rate 8.09%
Pro-Forma NOI $44,468
Year Built 1974
Buildings 1
Stories 2
Acreage 0.282
Multifamily | 6.21% CAP | 4 Units
Marketing description
Well-maintained 4-unit multifamily investment opportunity in the heart of Schererville. This income-producing property features an attractive unit mix of (2) 2-bedroom, 1-bath units and (2) 1-bedroom, 1-bath units. Each unit has its own furnace and water heater, with tenants paying gas and electric while the owner is responsible for water, sewer, and trash. Stable in-place income with value-add potential through future rental increases. Situated on a 0.28-acre lot with approximately 3,112 SF, this property is conveniently located near shopping, dining, major employers, and commuter routes, making it an excellent addition to any investment portfolio or an ideal owner-occupant opportunity
Investment highlights
- 4-unit multifamily property featuring (2) 2-bedroom, 1-bath units and (2) 1-bedroom, 1-bath units.
- Excellent opportunity for investors or owner-occupants.
- Stable in-place income with significant upside through future rental increases.
- Approximately 3,112 SF building situated on a 0.28-acre lot.
- Individual furnaces and water heaters for each unit.
- Owner pays water, sewer, and trash; tenants pay gas and electric.
- Conveniently located in Schererville with easy access to shopping, restaurants, major employers, and commuter routes.
- Strong Northwest Indiana rental market with continued long-term demand.
Listing Contacts
Listed by Ellsbury Group
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$34,178.00
$2,848.17/mo
Valuation Metrics
0
DSCR
6.21%
Cap Rate
6.21%
ROI
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