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2201 Sturdy Rd - 2201 Sturdy Road, Valparaiso, Indiana 4 Unit Apartment Building Offered at $539,000 at a 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
| Price | $539,000 | Property Type | Multifamily |
| Price Per Unit | $134,750 | Building Size | 3,456 SF |
| Sale Type | Investment | No. Stories | 2 |
| Cap Rate | 7.40% | Year Built | 1981 |
| No. Units | 4 |
| Price | $539,000 |
| Price Per Unit | $134,750 |
| Sale Type | Investment |
| Cap Rate | 7.40% |
| No. Units | 4 |
| Property Type | Multifamily |
| 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
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 Rd - 2201 Sturdy Road, Valparaiso, Indiana
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