4300 E 73rd Ave - Apartments FOR SALE


Merrillville, IN 46410
$500,000 USD
312-361-1647
4300 E 73rd Ave, Merrillville, IN for Sale
$500,000 USD
Apartments - FOR SALE
1/13
null | Request Cap Rate

4300 E 73rd Ave
Merrillville, IN 46410


HIGHLIGHTS

  • Strong Rental Market
  • Convenient Suburban Location
  • Strong School Distrcit
  • Value-Add Opportunity
  • Separate Utilities
  • Recent Capital Improvements

OVERVIEW

Horvath & Tremblay is pleased to present the opportunity to purchase the multi-family investment property located at 4300 E 73rd Avenue in Merrillville, Indiana (the “Property”). 4300 E 73rd Avenue is improved by a two-story building containing four (4) residential units comprised of two (2), 1-Bedroom/1-Bathroom units, one (1), 2-Bedroom/1-Bathroom unit and one (1), 2-Bedroom/1.5-Bathroom unit with 3,500 square feet of living area in 4,000 total square feet. The well-maintained building was constructed in 1977 and is situated on a large 1.15-acre parcel with abundant green space, a detached garage and additional on-site parking. The building also has an on-site laundry facility. The Property is located along a quiet, tree-lined street in a residential neighborhood in Merrillville, Indiana which is a South Suburb of Chicago located along the border of Illinois and Indiana. The property is 1.5-mles from US Highway 30, the area’s primary commercial corridor, and enjoys convenient access to area schools and parks. The Property also offers convenient access to Interstate 65, which connects to Interstates 94 and 90. The quick highway access provides easy accessibility to both the Chicago Metro area and Northwest Indiana.

FOR SALE DETAILS

PRICE

$500,000 USD

PRICE/SF

$125 USD /SF

# OF UNITS

4

PRICE/UNIT

$125,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1977

PARKING SPACES

8

LAND DETAILS

LAND ACRES

1.15 AC

LAND SF

50,094 SF

ZONING

-

APN/PARCEL ID

45-12-13-251-005.000-046

ASK ABOUT THIS PROPERTY

Anthony SpanglerHorvath & TremblayMore Info
312-361-1647

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Anthony SpanglerHorvath & TremblayMore Info
312-361-1647

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.