Closed

$548,000

5930 Fiesta Ave, Portage, IN 46368

8beds

--sqft

Quadruplex

Built in 1992

-- sqft lot

$607,600 Zestimate^®

$--/sqft

$1,519 Estimated rent

Home value

$607,600

$553,000 - $668,000

$1,519/mo

Zestimate^® history

Owner options

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$1,519/mo

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$1,519/mo

Rent Zestimate^®

Refinance and save

$3,378/mo

Est. payment

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$3,378/mo

Est. payment

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What's special

Fully renovated! This 4-unit apartment building in Portage has been fully updated and rehabbed inside and out. 30 min away from IL and MI border, less than 1 hour away from Downtown Chicago. Each unit is occupied, and the current gross income is about $70,000 annually. All units are about 1000 sq ft, have two large bedrooms, 1 bathroom, large living room and kitchen, with in-unit laundry hook up. This property is professionally managed, which is an ideal situation for post-acquisition. The owner pays very little for utilities, tenants pay for almost all. This investment property currently sits at a true 9.36+% cap rate, and projects to be a 10%+ cap rate after a few simple moves. Reach out for detailed data, and to schedule a viewing of the property now!

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 8
Bathrooms: 4
Full bathrooms: 4

Heating

Forced Air, Natural Gas

Appliances

Included: Dishwasher, Refrigerator, Washer, Free-Standing Gas Range, Dryer
Laundry: In Unit

Features

None
Has basement: No
Has fireplace: No

Interior area

Finished area above ground: 4,104

Property

Parking

Parking features: Circular Driveway, On Site, Drive Through, Common
Has uncovered spaces: Yes

Features

Levels: Two
Patio & porch: None
Exterior features: Storage
Pool features: None
Fencing: None
Has view: Yes
View description: Neighborhood

Lot

Size: 0.41 Acres
Features: Pie Shaped Lot

Details

Parcel number: 640523479012.000016

Construction

Type & style

Home type: MultiFamily
Property subtype: Quadruplex

Condition

New construction: No
Year built: 1992

Utilities & green energy

Sewer: Public Sewer
Water: Public
Utilities for property: Electricity Connected, Sewer Connected, Water Connected, Natural Gas Connected

Community & HOA

Community

Subdivision: Villa Manor

Location

Region: Portage

Financial & listing details

Annual tax amount: $7,558
Date on market: 8/15/2024
Listing agreement: Exclusive Right To Sell
Listing terms: Cash,Conventional
Road surface type: Paved

Price history

Date	Event	Price
8/9/2024	Sold	$548,000-0.2%
Source: NIRA as distributed by MLS GRID #806275 Report a problem
7/2/2024	Listed for sale	$549,000+98.6%
Source: NIRA as distributed by MLS GRID #806275 Report a problem
5/28/2004	Sold	$276,500
Source: NIRA as distributed by MLS GRID #100163 Report a problem