Rare opportunity!! This 5-unit townhouse package in the wonderful town of Valparaiso, IN is the investment opportunity you've been looking for. Each unit is occupied, and the current gross income is $75,000 annually. Each townhome has 2 large bedrooms,1 and a half bathrooms, a finished basement, and have been tastefully updated. This property has been well maintained and cared for by professionals over the past several years, which is an ideal situation for post-acquisition. Almost no utility bills! Tenants pay for their own gas, electric, water, and sewer utility bill, while the landlord pays for trash. Each townhome can be separately parceled out, which adds another interesting option for the future. This investment property currently sits at a true 6.0% cap rate, and projects to be a 7.3+% after a few simple moves. Reach out for detailed data, and to schedule a viewing of the property now!
Closed
$755,000
1007 Elizabeth Dr, Valparaiso, IN 46383
10beds
--sqft
Quadruplex
Built in 1966
-- sqft lot
$762,100 Zestimate®
$--/sqft
$1,440 Estimated rent
Home value
$762,100
$686,000 - $854,000
$1,440/mo
Zestimate® history
Owner options
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$1,440/mo
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$1,440/mo
Rent Zestimate®
Refinance and save
$3,714/mo
Est. payment
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$3,714/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Tariq Suboh,
Ellsbury Group 219-200-5133,
Farris Gosea
Bought with:
Nicole Milford, RB14052457
Compass Indiana, LLC
Source: NIRA as distributed by MLS GRID,MLS#: 802226
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 10
- Bathrooms: 10
- Full bathrooms: 5
- 1/2 bathrooms: 5
Heating
- Forced Air, Separate Meters, Natural Gas
Appliances
- Included: Dryer, Refrigerator, Washer, Free-Standing Gas Range
- Laundry: In Basement, In Unit
Features
- Ceiling Fan(s)
- Basement: Apartment,Concrete
Interior area
- Finished area above ground: 3,900
Property
Parking
- Total spaces: 15
- Parking features: Additional Parking, Paved, Parking Lot
Features
- Levels: One
- Exterior features: Private Yard
- Pool features: None
- Fencing: Back Yard,Partial,Privacy
Lot
- Size: 6,272 Square Feet
- Features: Corner Lot
Details
- Parcel number: 641019102001.000004
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
Condition
- New construction: No
- Year built: 1966
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: None
- Subdivision: Willowbrook Condos
HOA
- Has HOA: No
Location
- Region: Valparaiso
Financial & listing details
- Annual tax amount: $1,972
- Date on market: 5/31/2024
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Other
- Road surface type: Asphalt, Paved
Price history
| Date | Event | Price |
|---|---|---|
| 5/31/2024 | Sold | $755,000-4.7% |
Source:  NIRA as distributed by MLS GRID #802226 Report a problem | ||
| 4/16/2024 | Listed for sale | $792,000 |
Source: NIRA as distributed by MLS GRID #802226 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: 46383
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Nearby schools
GreatSchools rating
- 7/10Thomas Jefferson Elementary SchoolGrades: K-5Distance: 0.5 mi
- 8/10Thomas Jefferson Middle SchoolGrades: 6-8Distance: 0.3 mi
- 10/10Valparaiso High SchoolGrades: 9-12Distance: 1.8 mi
Get a cash offer in 3 minutes
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Estimated market value
$762,100
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$762,100
- Indiana
- Porter County
- Valparaiso
- 46383
- 1007 Elizabeth Dr
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