Catylist ID:
#30804682
| Catylist Listing ID: | 30804682 |
| Property Subtypes: | Mixed Use, Other |
| Number of Units: | 12 Units |
| Building Size (RSF): | 11,463 SF |
| Gross Building Area: | See Agent |
| Sale Price: | $783,500 |
| Unit Price: | $65,291.67 Per Unit |
| In Opportunity Zone? | Yes |
| Property Use Type: | Investment |
| Sale Terms: | Cash to Seller |
| Cap Rate: | Undisclosed |
| Last Updated: | 1/31/2023 |
Overview / Comments
|
This multi-family investment property with below market rents is now available for sale. The single-story, mainly brick apartment building contains twelve (12) total units, consisting of six (6), 1-Bedroom, one (1) Studio unit, and five (5) 2-Bedroom units on a 2.36-acre parcel. Four(4) of the units have been recently updated. The Property features a rebuilt boiler, newer roof, and 20 brand new 10’x20’ storage units. The building is 100% leased at this time and does have a waiting list for new tenants. Nice view of the County Park and open land. City water, sewer and trash. Room to build 30 more similar storage units. |
Attachments & Media
Additional Details
| Nearest MSA: | Chicago-Naperville-Elgin |
| County: | Starke |
| Tax ID/APN: | 75-02-24-404-060.000-016 |
| Zoning: | RESIDENTIAL |
| Site Description: | Corner of Indiana Ave and S Starke St. Approximately 2 miles east of U.S. Highway 35 and about a half mile North of U.S Highway 30. The Conrail line between Chicago and Fort Wayne runs through the town. |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 935 | 3,231 | 5,213 |
| Median Age: | 35.49 | 40.4 | 40.3 |
| Households: | 347 | 1,216 | 1,953 |
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