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851 150th St 5 Unit Apartment Building $690,624 CAD ($138,125 CAD/Unit) 8.42% Cap Rate Hammond, IN 46327
INVESTMENT HIGHLIGHTS
- 3 of 5 Units have Been Remodeled
- Coin-Operated Laundry Room
- Ranch Apartment Building
EXECUTIVE SUMMARY
RARE 100% Brick, RANCH, 5-Unit Apartment Building featuring (1) 2-Bed Apartment and (4) 1-Bed Apartments with coin-operated Laundry Room for extra income. 3 of the 5 apartments have been remodeled with NEW Kitchen Cabinets, GRANITE Kitchen Countertops, NEW Vinyl Flooring, NEW Plumbing & Light Fixtures and Custom Bathroom design. Each Apartment has Individual Wall Air-Condition Units. Tenant pays Gas/Electric.
PROPERTY FACTS
| Price | $690,624 CAD | Building Class | C |
| Price Per Unit | $138,125 CAD | Lot Size | 0.16 AC |
| Sale Type | Investment | Building Size | 3,120 SF |
| Cap Rate | 8.42% | No. Stories | 1 |
| No. Units | 5 | Year Built/Renovated | 1972/2000 |
| Property Type | Multifamily | Parking Ratio | 0.96/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | R-1U - R-1U | ||
| Price | $690,624 CAD |
| Price Per Unit | $138,125 CAD |
| Sale Type | Investment |
| Cap Rate | 8.42% |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 3,120 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1972/2000 |
| Parking Ratio | 0.96/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R-1U - R-1U |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 4 | - | - |
| 2+1 | 1 | - | - |
1 1
PROPERTY TAXES
| Parcel Number | 45-03-31-102-033.000-023 | Improvements Assessment | $361,636 CAD |
| Land Assessment | $32,369 CAD | Total Assessment | $394,004 CAD |
PROPERTY TAXES
Parcel Number
45-03-31-102-033.000-023
Land Assessment
$32,369 CAD
Improvements Assessment
$361,636 CAD
Total Assessment
$394,004 CAD
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851 150th St
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