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2080 E Rand St 8 Unit Apartment Building $1,625,472 CAD ($203,184 CAD/Unit) 7.43% Cap Rate Hobart, IN 46342
INVESTMENT HIGHLIGHTS
- 100% Leased
- Coin-Operated Laundry Room
- Entire Building & Apartments were Updated in 2023
- NEW Roof 2023
EXECUTIVE SUMMARY
RARE 100% UPDATED, 8-Unit Apartment Building featuring (8) 1-Bed Apartments with coin-operated Laundry Room for extra income. New Electrical, NEW Plumbing, NEW Roof in 2023! All apartments have NEWER Vinyl Flooring, Kitchen Cabinet, GRANITE Kitchen Countertops, Stainless Steel Appliances (Fridge, Microwave, Oven), Plumbing Fixtures, Lighting Fixtures and Custom Bathroom Tile-surround Bathtubs. The Common hallways and Building Exterior has been Updated & the recently paved Parking Lot in 2023. Storage Lockers on the 2nd Floor for all Tenant. Each Apartment has Individual Wall Air-Condition Units. Tenant pays Gas/Electric.
Easy access to Interstate-94 & Interstate-65 and close to just a few blocks from shopping (Planet Fitness, Dunkin Donuts, Strack & VanTil, Jimmy Johns). 6-Miles to Portage and 10-Miles to Merrillville.
Easy access to Interstate-94 & Interstate-65 and close to just a few blocks from shopping (Planet Fitness, Dunkin Donuts, Strack & VanTil, Jimmy Johns). 6-Miles to Portage and 10-Miles to Merrillville.
PROPERTY FACTS Under Contract
| Price | $1,625,472 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $203,184 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.38 AC |
| Cap Rate | 7.43% | Building Size | 6,656 SF |
| No. Units | 8 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1973/2023 |
| Price | $1,625,472 CAD |
| Price Per Unit | $203,184 CAD |
| Sale Type | Investment |
| Cap Rate | 7.43% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.38 AC |
| Building Size | 6,656 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1973/2023 |
AMENITIES
UNIT AMENITIES
- Washer/Dryer
- Granite Countertops
- Stainless Steel Appliances
- Vinyl Flooring
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 8 | - | - |
1 1
PROPERTY TAXES
| Parcel Number | 45-09-28-128-009.000-018 | Improvements Assessment | $671,422 CAD |
| Land Assessment | $70,820 CAD | Total Assessment | $742,243 CAD |
PROPERTY TAXES
Parcel Number
45-09-28-128-009.000-018
Land Assessment
$70,820 CAD
Improvements Assessment
$671,422 CAD
Total Assessment
$742,243 CAD
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2080 E Rand St
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