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2201 Sturdy Road, Valparaiso, Indiana 2201 Sturdy Rd 4 Unit Apartment Building $539,000 ($134,750/Unit) 7.40% Cap Rate Valparaiso, IN 46383
Executive Summary
2201 Sturdy Road is an ideal investment for small to mid-size multifamily investors or owner occpupants seeking a low-maintenance, low expense property. Built in 1981, this four-unit, condo style building has an average unit sq ft of 856.
Each unit features furnace heat, AC, individual water heaters, and in-unit washer and dryer. Two of the four units have been recently remodeled, giving the property a modern, move-in-ready appeal.
The landlord is responsible only for common electricity, while tenants cover heat, water, sewer, trash, lawn care, and washer/dryer usage, minimizing operating responsibilities. All units are condo-style, enhancing appeal to long-term tenants.
This property is being offered at $539,000, presenting an attractive opportunity for investors or owner occupants looking to acquire a turnkey, income-generating asset in Valparaiso.
Each unit features furnace heat, AC, individual water heaters, and in-unit washer and dryer. Two of the four units have been recently remodeled, giving the property a modern, move-in-ready appeal.
The landlord is responsible only for common electricity, while tenants cover heat, water, sewer, trash, lawn care, and washer/dryer usage, minimizing operating responsibilities. All units are condo-style, enhancing appeal to long-term tenants.
This property is being offered at $539,000, presenting an attractive opportunity for investors or owner occupants looking to acquire a turnkey, income-generating asset in Valparaiso.
Property Facts Under Contract
| Price | $539,000 | Property Subtype | Apartment |
| Price Per Unit | $134,750 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.32 AC |
| Cap Rate | 7.40% | Building Size | 3,456 SF |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1981 |
| Price | $539,000 |
| Price Per Unit | $134,750 |
| Sale Type | Investment |
| Cap Rate | 7.40% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.32 AC |
| Building Size | 3,456 SF |
| No. Stories | 2 |
| Year Built | 1981 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | - | - |
1 1
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
20/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 64-10-18-177-014.000-004 | Improvements Assessment | $118,800 |
| Land Assessment | $97,100 | Total Assessment | $215,900 |
Property Taxes
Parcel Number
64-10-18-177-014.000-004
Land Assessment
$97,100
Improvements Assessment
$118,800
Total Assessment
$215,900
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2201 Sturdy Road, Valparaiso, Indiana | 2201 Sturdy Rd
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