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1923 Clark St 19 Unit Apartment Building $2,454,588 CAD ($129,189 CAD/Unit) 7.14% Cap Rate Whiting, IN 46394
Investment Highlights
- 15 of 19 Units Remodeled!
- 100% Occupied!
Executive Summary
This all-Brick/Stone Building & Fully Occupied 19-Unit apartment building consisting of (1)-2bed/ 1-bath, (13) 1-bed/ 1-bath and (5) Studio Apartments. 15 of the 19 apartments have been Remodeled in the last 3 years. Each apartment is separately metered for NIPSCO (Gas/Electric). The apartments have wall air conditioners and boiler/radiator heat. The Landlord pays common area utilities, water, sewer, garbage. On-site laundry for additional income!
Located in the heart of Downtown Whiting, this property is walkable to local restaurants, retailers and Lake Michigan. Less than 2-miles from Horseshoe Casino, Wolf Lake Pavilion, Lost Marsh Golf Course, Super Walmart, Starbucks & other national retailers. Only 17-miles to Downtown Chicago!
Located in the heart of Downtown Whiting, this property is walkable to local restaurants, retailers and Lake Michigan. Less than 2-miles from Horseshoe Casino, Wolf Lake Pavilion, Lost Marsh Golf Course, Super Walmart, Starbucks & other national retailers. Only 17-miles to Downtown Chicago!
Property Facts
| Price | $2,454,588 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $129,189 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.15 AC |
| Cap Rate | 7.14% | Building Size | 15,696 SF |
| No. Units | 19 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1926 |
| Zoning | R-SF | ||
| Price | $2,454,588 CAD |
| Price Per Unit | $129,189 CAD |
| Sale Type | Investment |
| Cap Rate | 7.14% |
| No. Units | 19 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 15,696 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1926 |
| Zoning | R-SF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 13 | - | - |
| Studios | 5 | - | - |
| 2+1 | 1 | - | - |
1 1
Exceptionally walkable
90/100
Moderately drivable
70/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 45-03-07-259-009.000-025 | Improvements Assessment | $1,909,124 CAD |
| Land Assessment | $36,682 CAD | Total Assessment | $1,945,806 CAD |
Property Taxes
Parcel Number
45-03-07-259-009.000-025
Land Assessment
$36,682 CAD
Improvements Assessment
$1,909,124 CAD
Total Assessment
$1,945,806 CAD
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1923 Clark St
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