Fully occupied turnkey 6 unit in Whiting. A 4 unit brick building in front, a 2 unit brick building in back, a 3rd structure for your future development, and tons of green space the residents love. Professionally managed with 6 wonderful long-term tenants that take phenomenal care of the property. You better keep the grass cut meticulously with perfect line :) This is one of our easiest properties to manage. Property is grossing over $66K annually and includes coin-op laundry and extra storage. Currently listed at 9.5 cap with room for additional rent growth. Ask your agent for rent roll and financial documents.
Property Features
Bedrooms
Bathrooms
- Total Bathrooms: 8
- Full Bathrooms: 5
- 3/4 Bathrooms: 3
Interior Features
- Ceiling Fan(s)
- Storage
- High Ceilings
- Laminate Counters
Appliances
- Laundry Features: Laundry Room, Lower Level
Other Rooms
- Basement Features: Unfinished
Heating and Cooling
- Heating Features: Forced Air, Natural Gas
Exterior and Lot Features
Land Info
- Lot Size Acres: 0.2109
- Lot Size Square Feet: 9186
Garage and Parking
Rental Info
Homeowners Association
- Association Fee Frequency: Annual
- Calculated Total Monthly Association Fees: 0
- Pets Allowed: No
Other Property Info
- Annual Tax Amount: 11458
- Source Listing Status: Active Under Contract
- County: Lake
- Cap Rate: 9.5
- Directions: From Indianapolis, turn north on Roberts Ave. Property is on east side of road
- Tax Year: 2023
- Source Property Type: Residential Income
- Insurance Expense: 1800
- Property Subtype: condo
- Source Neighborhood: Agnes Roberts Sub
- Owner Pays: Common Area Maintenance, Water, Trash Collection, Taxes, Snow Removal, Sewer, Grounds Care, Gas, Exterior Maintenance, Electricity
- Subdivision: Agnes Roberts Sub
- Township: North
- Trash Expense: 1365
- Property Subtype: Apartment
- Source System Name: C2C
Commercial Info
- Net Operating Income: 45683
Building and Construction
- Year Built: 1926
- Above Grade Finished Area: 4752
- Levels: Two
- Property Age: 98
- Property Condition: Updated/Remodeled
Utilities
- Sewer: Public Sewer
- Water Source: Public