$750,000
$850,000
11.8%For more information regarding the value of a property, please contact us for a free consultation.
10 Beds
10 Baths
15,507 SqFt
SOLD DATE : 10/02/2024
Key Details
Sold Price $750,000
Property Type Single Family Home
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Square Footage 15,507 sqft
Price per Sqft $48
Subdivision Petsas Add 01
MLS Listing ID 807061
Sold Date 10/02/24
Bedrooms 10
Full Baths 5
Half Baths 5
Year Built 1973
Annual Tax Amount $8,466
Tax Year 2022
Lot Size 0.356 Acres
Acres 0.356
Lot Dimensions 107x145
Property Description
Discover an exceptional investment opportunity with this fully rented 5-unit apartment building located in one of the most sought-after areas in town. This property offers a perfect blend of convenience and comfort, ensuring strong rental demand and steady income. Each unit features 2 spacious bedrooms and 1 1/2 bathrooms, appealing to a wide range of tenants. Situated in a prime location, this building benefits from easy access to public transportation, top-rated schools, shopping centers, dining options, and entertainment venues. Basement provides potential for future development or additional rental income, offering a blank canvas for your vision. The building is well-maintained, ensuring minimal upkeep for the new owner. Each unit includes all appliances and is completely turn key. Whether you're a seasoned investor or looking to start your real estate portfolio, this property promises excellent returns and long-term value. This is a rare opportunity to acquire a fully occupied apartment building in a high-demand area. **Contact us today** to schedule a private viewing and explore the potential of this prime investment property. *Listing photos and floor plans have some minor artistic manipulation for presentation*
Location
State IN
County Lake
Zoning Residential
Interior
Interior Features Ceiling Fan(s), Laminate Counters
Heating Forced Air, Natural Gas
Fireplace N
Appliance Dishwasher, Washer, Refrigerator, Microwave, Gas Range, Dryer
Exterior
Exterior Feature Rain Gutters
View Y/N true
View true
Building
Lot Description Front Yard, Rectangular Lot, Landscaped, Paved, Near Public Transit, Level
Story Two
Schools
School District Lake Central
Others
Tax ID 45-10-12-251-003.000-034
SqFt Source Assessor
Acceptable Financing NRA20240715192234294967000000
Listing Terms NRA20240715192234294967000000
Financing Other
Pets Description Call
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Bought with Ellsbury Commercial Group LLC