STASH PROPERTIES

Multi-Family for Sale
Catylist Listing ID: 29968303
Property Subtypes: Low-Rise/Garden
Number of Units: 23 Units
Building Size (RSF): 762 SF
Gross Building Area: See Agent
Sale Price: $1,450,000
Unit Price: $63,043.48 Per Unit
Property Use Type: Vacant/Owner-User
Building Name: STASH PROPERTIES
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/17/2017

Overview / Comments

23 units. Single family and duplexes in Calumet Township, Indiana. Leased units creating steady income. Owner is a contractor, therefore, little or no deferred maintenance. Stable geographical area. Close to major transportation Routes of US 6, Route 41 and I-80/94.

• SALES PRICE: $1,450,000
• 23 UNITS
• 9 SINGLE FAMILY
• 6 MULTI-TENANT
• SCHEDULED INCOME: $250,000
• ESTIMATED EXPENSES: $87,500
• CAP RATE: 11.21%
• AVERAGE PRICE PER UNIT: $63,000
• STRONG RENTAL DEMAND
• STABLE GEOGRAPHICAL AREA
• CLOSE TO MAJOR TRANSPORTATION: Rt US 6, Rt 41 and I-80/94

Additional Details

Nearest MSA: Angola
County: Lake
Tax ID/APN: 00000000000000
Area Description: Griffith and Gary Indiana

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,283 75,688 231,923
Median Age: 39.16 40.56 39.06
Households: 3,214 30,674 89,437

Source

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