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Lake Charles Townhomes 1230 Lake Charles Ave 44 Unit Apartment Building $6,520,000 ($148,182/Unit) 6.48% Cap Rate Porter, IN 46304
Investment Highlights
- Long-term tenants +5 Years average occupancy. New Leases seeing a $100 to $200 above the average
- All new roofs in 2016, and one building having a new roof in 2013.
- Chesterton Schools
Data Room Click Here to Access
Property Facts
| Price | $6,520,000 | Building Class | C |
| Price Per Unit | $148,182 | Lot Size | 1.56 AC |
| Sale Type | Investment | Building Size | 57,480 SF |
| Cap Rate | 6.48% | Average Occupancy | 98% |
| No. Units | 44 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1997 |
| Property Subtype | Apartment |
| Price | $6,520,000 |
| Price Per Unit | $148,182 |
| Sale Type | Investment |
| Cap Rate | 6.48% |
| No. Units | 44 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 1.56 AC |
| Building Size | 57,480 SF |
| Average Occupancy | 98% |
| No. Stories | 2 |
| Year Built | 1997 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1.5 | 36 | - | 1,330 |
| 2+2 | 8 | - | 1,200 |
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Property Taxes
| Parcel Number | 64-03-34-426-002.000-026 | Improvements Assessment | $908,200 |
| Land Assessment | $208,700 | Total Assessment | $1,116,900 |
Property Taxes
Parcel Number
64-03-34-426-002.000-026
Land Assessment
$208,700
Improvements Assessment
$908,200
Total Assessment
$1,116,900
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Lake Charles Townhomes | 1230 Lake Charles Ave
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