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4479 E Shore Dr 8 Unit Apartment Building $659,000 ($82,375/Unit) 9% Cap Rate Bremen, IN 46506
Executive Summary
This property features two well-maintained 2-story apartment buildings, each containing four spacious apartment units, for a total of eight units. Offering a mix of one-, two-, and three-bedroom layouts, each apartment includes a private entrance, providing residents with comfort and privacy. The property boasts a great quiet location on the scenic Lake of the Woods, creating an inviting and peaceful living environment. With convenient onsite parking for residents and a strong history of consistent occupancy, this property represents an excellent investment opportunity with long-term income potential. Lake of the Woods is located in Marshall County, Indiana, just 23 miles south of South Bend. Along the shore are a local marina, a resort & campground, and a public boat launch. Residents can enjoy the local amenities such as picnic tables, boat rentals, walking trails, and more.
Property Facts
| Price | $659,000 | Building Class | C |
| Price Per Unit | $82,375 | Lot Size | 0.76 AC |
| Sale Type | Investment | Building Size | 9,335 SF |
| Cap Rate | 9% | Average Occupancy | 100% |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1980 |
| Property Subtype | Apartment | ||
| Zoning | L-1 | ||
| Price | $659,000 |
| Price Per Unit | $82,375 |
| Sale Type | Investment |
| Cap Rate | 9% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.76 AC |
| Building Size | 9,335 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1980 |
| Zoning | L-1 |
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Exceptionally drivable
90/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 50-43-07-000-158.004-005 | Improvements Assessment | $341,200 |
| Land Assessment | $91,200 | Total Assessment | $432,500 |
Property Taxes
Parcel Number
50-43-07-000-158.004-005
Land Assessment
$91,200
Improvements Assessment
$341,200
Total Assessment
$432,500
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