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Kimberly Sut Group - Listing Leaders Executive Real Estate
1801 Monticello Park Drive, Valparaiso, IN 46383
- $1,980,000
- 12,948
- SqFt
- List Price
- $1,980,000
Property Description
Excellent investment opportunity in Valparaiso! This 14 unit multifamily portfolio consists of four buildings on the same block in the established Jefferson Park neighborhood. The portfolio features three fourplexes and one side by side duplex, totaling approximately 12,948 square feet across 0.88 acres. Built between 1980 and 1981, the properties offer a diverse unit mix of seven 2 bedroom, 1.5 bath units, six 1 bedroom, 1 bath units, and one 1 bedroom, 1.5 bath unit. Each unit features individual heating and A/C systems, water heaters, and tenant paid utilities. Current annual gross rental income is 199,980, with annual operating income of 135,024 and a cap rate of 6.82 percent. Significant rental upside with projected market rents of 247,200 annually and projected operating income of 174,317. Conveniently located near downtown Valparaiso, schools, shopping, and major transportation routes. All four buildings are being offered together as one portfolio sale. See Offering Memorandum for complete financials and property details.
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Listing courtesy of Tariq Suboh from Ellsbury Group.
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