Log In/Sign Up
Your email has been sent.
2080 E Rand St 8 Unit Apartment Building $1,175,000 ($146,875/Unit) 7.43% Cap Rate Hobart, IN 46342
INVESTMENT HIGHLIGHTS
- 100% Leased
- Coin-Operated Laundry Room
- Entire Building & Apartments were Updated in 2023
- NEW Roof 2023
EXECUTIVE SUMMARY
RARE 100% UPDATED, 8-Unit Apartment Building featuring (8) 1-Bed Apartments with coin-operated Laundry Room for extra income. New Electrical, NEW Plumbing, NEW Roof in 2023! All apartments have NEWER Vinyl Flooring, Kitchen Cabinet, GRANITE Kitchen Countertops, Stainless Steel Appliances (Fridge, Microwave, Oven), Plumbing Fixtures, Lighting Fixtures and Custom Bathroom Tile-surround Bathtubs. The Common hallways and Building Exterior has been Updated & the recently paved Parking Lot in 2023. Storage Lockers on the 2nd Floor for all Tenant. Each Apartment has Individual Wall Air-Condition Units. Tenant pays Gas/Electric.
Easy access to Interstate-94 & Interstate-65 and close to just a few blocks from shopping (Planet Fitness, Dunkin Donuts, Strack & VanTil, Jimmy Johns). 6-Miles to Portage and 10-Miles to Merrillville.
Easy access to Interstate-94 & Interstate-65 and close to just a few blocks from shopping (Planet Fitness, Dunkin Donuts, Strack & VanTil, Jimmy Johns). 6-Miles to Portage and 10-Miles to Merrillville.
PROPERTY FACTS
| Price | $1,175,000 | Apartment Style | Low-Rise |
| Price Per Unit | $146,875 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.38 AC |
| Cap Rate | 7.43% | Building Size | 6,656 SF |
| No. Units | 8 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1973/2023 |
| Price | $1,175,000 |
| Price Per Unit | $146,875 |
| Sale Type | Investment |
| Cap Rate | 7.43% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.38 AC |
| Building Size | 6,656 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1973/2023 |
AMENITIES
UNIT AMENITIES
- Washer/Dryer
- Granite Countertops
- Stainless Steel Appliances
- Vinyl Flooring
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 8 | - | - |
1 1
PROPERTY TAXES
| Parcel Number | 45-09-28-128-009.000-018 | Improvements Assessment | $479,900 |
| Land Assessment | $51,600 | Total Assessment | $531,500 |
PROPERTY TAXES
Parcel Number
45-09-28-128-009.000-018
Land Assessment
$51,600
Improvements Assessment
$479,900
Total Assessment
$531,500
1 of 17
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
2080 E Rand St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.