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140 N West St
Crown Point, IN 46307
Multifamily Property For Sale
·
7 Units
Executive Summary
Exceptional commercial investment opportunity in the heart of Downtown Crown Point. Located just a half-block north of Bulldog Park and moments from the historic city square, this highly desirable 7-unit multifamily property generates $82,000 in steady gross annual rents. The asset features a versatile unit mix consisting of three 2-bedroom units, two 1-bedroom units, and two studio apartments.
The building offers strong immediate cash flow with units that have been thoughtfully modernized and refreshed with updated aesthetic finishes. Value-add infrastructure includes a newly remodeled on-site laundry room equipped with coin-operated machines, providing a turn-key auxiliary revenue stream.
Tenants benefit from convenient off-street parking on site and an unbeatable, walkable location close to premier downtown dining, boutique retail, and local community events. With stabilized rental income already in place and an irreplaceable location, this asset is an ideal addition to any growth-oriented commercial portfolio or 1031 exchange.
The building offers strong immediate cash flow with units that have been thoughtfully modernized and refreshed with updated aesthetic finishes. Value-add infrastructure includes a newly remodeled on-site laundry room equipped with coin-operated machines, providing a turn-key auxiliary revenue stream.
Tenants benefit from convenient off-street parking on site and an unbeatable, walkable location close to premier downtown dining, boutique retail, and local community events. With stabilized rental income already in place and an irreplaceable location, this asset is an ideal addition to any growth-oriented commercial portfolio or 1031 exchange.
Property Facts
| Price Per Unit | $103,571 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.13 AC |
| No. Units | 7 | Building Size | 3,612 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1951 |
| Apartment Style | Low-Rise |
| Price Per Unit | $103,571 |
| Sale Type | Investment |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.13 AC |
| Building Size | 3,612 SF |
| No. Stories | 2 |
| Year Built | 1951 |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Courtyard
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 3 | $2,600 | - |
| Studios | 2 | $1,350 | - |
| 1+1 | 2 | $1,088 | - |
Property Taxes
| Parcel Number | 45-16-08-131-002.000-042 | Improvements Assessment | $215,400 |
| Land Assessment | $58,200 | Total Assessment | $273,600 |
Property Taxes
Parcel Number
45-16-08-131-002.000-042
Land Assessment
$58,200
Improvements Assessment
$215,400
Total Assessment
$273,600
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