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9201 Kennedy Ave 9 Unit Apartment Building $1,350,000 ($150,000/Unit) 7.30% Cap Rate Highland, IN 46322
Executive Summary
We are pleased to present a rare and exceptional investment opportunity in a well-maintained 9-unit multifamily property located in the desirable Northwest Indiana community of Highland. This asset offers investors immediate in-place cash flow with additional upside through continued rent growth. The property features a desirable unit mix designed to appeal to a broad tenant base, providing stable occupancy and consistent demand. Many of the units have been updated with modern finishes. The property is situated in a strong suburban location with close proximity to shopping, dining, parks, schools, and major highways, the property offers residents convenience and accessibility to both Northwest Indiana and the greater Chicago metropolitan area. With Highland’s strong rental fundamentals and limited supply this offering represents a compelling opportunity for investors seeking a turnkey multifamily asset with both dependable current income and future appreciation/rental growth potential.
Property Facts
| Price | $1,350,000 | Property Subtype | Apartment |
| Price Per Unit | $150,000 | Building Class | C |
| Sale Type | Investment | Building Size | 8,202 SF |
| Cap Rate | 7.30% | No. Stories | 3 |
| No. Units | 9 | Year Built | 1969 |
| Property Type | Multifamily |
| Price | $1,350,000 |
| Price Per Unit | $150,000 |
| Sale Type | Investment |
| Cap Rate | 7.30% |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Building Size | 8,202 SF |
| No. Stories | 3 |
| Year Built | 1969 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 8 | - | - |
| 1+1 | 1 | - | - |
1 1
Fairly walkable
50/100
Exceptionally drivable
90/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 45-07-28-252-001.000-026 | Improvements Assessment | $481,200 |
| Land Assessment | $106,500 | Total Assessment | $587,700 |
Property Taxes
Parcel Number
45-07-28-252-001.000-026
Land Assessment
$106,500
Improvements Assessment
$481,200
Total Assessment
$587,700
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9201 Kennedy Ave
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