Pending

$792,000

Favorite

beds

baths

half baths

1007 Elizabeth Drive

Valparaiso, Indiana 46383

Pending / MLS #802226 / Multiple Unit (2-4) / Valparaiso

Listing information updated 4/29/2024 at 11:04am

Rare opportunity!! This 5-unit townhouse package in the wonderful town of Valparaiso, IN is the investment opportunity you've been looking for. Each unit is occupied, and the current gross income is $75,000 annually. Each townhome has 2 large bedrooms,1 and a half bathrooms, a finished basement, and have been tastefully updated. This property has been well maintained and cared for by professionals over the past several years, which is an ideal situation for post-acquisition. Almost no utility bills! Tenants pay for their own gas, electric, water, and sewer utility bill, while the landlord pays for trash. Each townhome can be separately parceled out, which adds another interesting option for the future. This investment property currently sits at a true 6.0% cap rate, and projects to be a 7.3+% after a few simple moves. Reach out for detailed data, and to schedule a viewing of the property now!

Full Features

Basement:

Apartment,Concrete

Beds Above Grade:

Cooling System:

Central Air

Heating System:

Forced Air, Natural Gas, Separate Meters

Appliances:

Dryer, Free-Standing Gas Range, Refrigerator, Washer

Pool:

Age:

58 Years

Roof Type:

Shingle

Parking Type:

Additional Parking,Parking Lot,Paved

Parking Spaces:

Garage:

Additional Parking,Parking Lot,Paved

Water Front:

Square Feet:

N/A

Lot Size:

6272.64

Acreage:

0.144

Taxes & Assessments

Tax Amount:

$1,972

Tax Year:

2023

Location

Zip Code:

46383

City:

Valparaiso

County:

Porter

Schools

Elementary School:

N/A

Middle School:

N/A

High School:

N/A

Listing Office: Ellsbury Commercial Group LLC

Listing Office Phone: 219.200.5133

Disclaimer: The data relating to real estate for sale on this website comes courtesy of NIRA as distributed by MLS GRID. Real estate listings held by brokerage firms other than @properties are marked with the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 4/29/2024 at 11:04am. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Valparaiso, IN

Known as the “Vale of Paradise,” Valparaiso is a burgeoning city with an engaged community. One of Valparaiso’s main attractions is its downtown area. The site of year-round events and local happenings, downtown Valparaiso is home to Central Park Plaza, Porter Health Amphitheater, and Urschel...

Learn More

$354,182

Average Sale Price

Average Days On The Market

97%

Sales Prices VS. List Price

Data represents the community area’s average over the past 12 months. All information deemed reliable, but not guaranteed.

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1007 Elizabeth Drive is a multiple unit (2-4) which sold for $792,000. 1007 Elizabeth Drive features 10 Beds, 5 Baths, 5 Half Baths. This multiple unit (2-4) has been listed on @properties since April 16th, 2024 and was built in 1966.