Our four-unit property is an amazing opportunity for investors looking to diversify their income. This turnkey property provides an income of more than $37K per year. This is a highly sought out property by tenants as we’ve successfully rented out all units without vacancies for last 13 years. Large and enclosed back yard offers privacy to tenants but also an opportunity to investors to make additional builds and further expand the income. History Property was originally built in 1887 but more than 90% was fully remodeled in 2008. Brand new renovations included new roof, gutters, siding, windows, doors, flooring, heating system, plumbing, electric. All the inside walls were removed and replaced with modern drywall system and insulation. Our windows feature insulation provided by argon filled double hung windows. Location Our property is centrally located which always made it an attractive feature for our tenants. We are a short 5min walk to Valparaiso University and 15min walk to Valparaiso downtown Central Park Plaza. Surrounding neighborhood is a blend of university students and local families which provides an opportunity to diversify our tenant population. Features • Address: 357 College Ave, Valparaiso Indiana 46383 • Year built 1885, Year remodeled 2008 • Living area: 2778 • Lot size: 0.3 acres • Floors: 2 • Units: 4 (Two 2/1, Two 1/1) • Front porch, back porch • Basement: unfinished • Yard: gated enclosed • Roof: 20-year asphalt shingles, replaced in 2010 • Siding: Vinyl, replaced in 2010 • Flooring: laminate, ceramic tile • Walls: drywall, wooden framing • Appliances: Refrigerator, gas stove, washer, dryer • Windows: double hung vinyl, argon filled • Water tanks: replaced in 2015 • Utilities: gas and electric fully separated into individual meters, water is one meter Please contact us at 357apartments@gmail.com or call 219-512-0573 for further inquiries.
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