Log In/Sign Up
Your email has been sent.
Canden Crossing 2 Multifamily Properties Offered at $12,250,000 in Portage, IN
INVESTMENT HIGHLIGHTS
- Excellent unit mix comprised of 82 Two Bedroom and 18 One Bedroom Units
- Attractive existing cash flow with opportunity to continue proven renovation strategy
- 45 minutes from Chicago with central access to 90/94 and Lake Michigan
- Over $2,000,000 in Capital Projects since 2022
- Room to raise rents to market without rehab and additional rent attainable with continued rehab plan
- 230 parking spaces
EXECUTIVE SUMMARY
33 Realty is delighted to present Canden Crossing a 100-unit multifamily investment opportunity in Portage, Indiana. The property straddles Interstate 80 and provides two unique housing options for tenants to call home. Built in 1972 and 1980, these apartments underwent a large remodel between 2022 and 2023, allowing an investor the opportunity to continue the rolling rehab of the property to continue to increase NOI through a proven renovation plan. The south side of the property is comprised of four larger buildings with concrete balconies and ample open space for tenants to enjoy. The north side of the property is composed of 13 smaller buildings tucked into a wooded setting. With the Portage/Ogden train stop minutes away this location makes it possible to easily access Chicago by rail or road, while giving tenants the ability to access all that Northwest Indiana has to offer.
DATA ROOM Click Here to Access
PROPERTY FACTS
| Price | $12,250,000 | Number of Properties | 2 |
| Price / SF | $89.90 / SF | Individually For Sale | 0 |
| Sale Type | Investment | Total Building Size | 136,259 SF |
| Status | Active | Total Land Area | 5.80 AC |
| Price | $12,250,000 |
| Price / SF | $89.90 / SF |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 136,259 SF |
| Total Land Area | 5.80 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 2400 Dixie Dr, Portage, IN 46368 | Multifamily | 93,059 SF | 1980 | - |
|
Canden Crossing
6021 Canden Ave, Portage, IN 46368 |
Multifamily | 43,200 SF | 1972 | - |
1 1
1 of 14
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
Canden Crossing
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.