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5107 W 77th Court, Schererville, Indiana 5107 W 77th Ct 4 Unit Apartment Building $550,000 ($137,500/Unit) 8.09% Cap Rate Schererville, IN 46375
Executive Summary
Located in the desirable Schererville market, this 4-unit multifamily property offers investors the opportunity to acquire a well maintained asset with stable in-place income and room for future rental growth. The property consists of two 2-bedroom, 1- bath units and two 1-bedroom, 1-bath units, providing a unit mix that appeals to a wide range of tenants. With individually metered gas and electric service, individual furnaces, and individual water heaters, ownership benefits from lower operating costs while tenants enjoy added independence. The property's manageable size also makes it a great fit for an owner occupant looking to offset living expenses with rental income. Whether you're adding to an existing portfolio or purchasing your first multifamily property, this is a solid opportunity in one of Northwest Indiana's strongest rental markets.
Property Facts
| Price | $550,000 | Apartment Style | Low-Rise |
| Price Per Unit | $137,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.28 AC |
| Cap Rate | 8.09% | Building Size | 3,112 SF |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1974 |
| Property Subtype | Apartment |
| Price | $550,000 |
| Price Per Unit | $137,500 |
| Sale Type | Investment |
| Cap Rate | 8.09% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.28 AC |
| Building Size | 3,112 SF |
| No. Stories | 2 |
| Year Built | 1974 |
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Somewhat walkable
30/100
Exceptionally drivable
90/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 45-11-24-227-007.000-036 | Improvements Assessment | $241,500 |
| Land Assessment | $79,000 | Total Assessment | $320,500 |
Property Taxes
Parcel Number
45-11-24-227-007.000-036
Land Assessment
$79,000
Improvements Assessment
$241,500
Total Assessment
$320,500
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5107 W 77th Court, Schererville, Indiana | 5107 W 77th Ct
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