1007 Elizabeth Drive

Valparaiso, IN 46383

$792,000
Price
10
Beds
5
Baths
5
1/2 Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Rare opportunity! This 5-unit townhouse package in the wonderful town of Valparaiso, IN is the investment opportunity you've been looking for. Each unit is occupied, and the current gross income is $75,000 annually. Each townhome has 2 large bedrooms,1 and a half bathrooms, a finished basement, and have been tastefully updated. This property has been well maintained and cared for by professionals over the past several years, which is an ideal situation for post-acquisition. Almost no utility bills!...Rare opportunity! This 5-unit townhouse package in the wonderful town of Valparaiso, IN is the investment opportunity you've been looking for. Each unit is occupied, and the current gross income is $75,000 annually. Each townhome has 2 large bedrooms,1 and a half bathrooms, a finished basement, and have been tastefully updated. This property has been well maintained and cared for by professionals over the past several years, which is an ideal situation for post-acquisition. Almost no utility bills! Tenants pay for their own gas, electric, water, and sewer utility bill, while the landlord pays for trash. Each townhome can be separately parceled out, which adds another interesting option for the future. This investment property currently sits at a true 6.0% cap rate, and projects to be a 7.3+% after a few simple moves. Reach out for detailed data, and to schedule a viewing of the property now!
  1. Listed by Tariq Suboh • Ellsbury Commercial Group LLC
    P: (219) 805-5200 C: (219) 805-5200 Tariq@EllsburyGroup.com
  2. Listed by Farris Gosea
    P: (217) 904-8983 C: (217) 904-8983 FarrisGosea3@gmail.com

Property Details for 1007 Elizabeth Drive

Subdivision
Willowbrook Condos

Location

Listing Courtesy of Ellsbury Commercial Group LLC
Add your commute
LISTING UPDATED: 04/29/2024 10:56 AM

Property Details for 1007 Elizabeth Drive

StatusPending
MLS #802226
Days on Market12
Taxes$1,973 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Quadruplex
Year Built1966
Lot Size0.14 AC / 6,272 SF
CountyPorter County

Location

Listing Courtesy of Ellsbury Commercial Group LLC
Add your commute

Building Information for 1007 Elizabeth Drive

Stories-Residences5Year Built1966Building Size-Lot Size0.14 AC / 6,272 SF

Payment Calculator

$4,487 per month

30 year fixed, 7.25% Interest

Principal and Interest

$4,322

Property Taxes

$164

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1007 Elizabeth Drive

Summary
Location and General Information
  • City/Town: Valparaiso
  • State: IN
  • Township: Center
  • ZIP: 46383
  • Latitude: 41.48
  • Longitude: -87.04
  • County: Porter
Taxes and HOA
  • Annual Tax Amount: $1,972.96
  • APN/Key #: 64-10-19-102-001.000-004
  • Tax Year: 2023
  • Tax Legal Description: WILLOWBROOK CONDOS UNIT A
Parking
  • Garage Description: Additional Parking, Parking Lot, Paved
Property
Lot Information
  • Lot Square Footage: 6,272.64
  • Acres: .14
Property and Assessments
  • Property Type: Residential Income
  • Property Subtype 1: Quadruplex
  • Year Built: 1966
  • Lot Description: Corner Lot
  • Road Access: City Street
Interior and Exterior Features
Exterior Features
  • Exterior Features: Private Yard
  • Levels: One
Interior Features
  • Appliances: Dryer, Free-Standing Gas Range, Refrigerator, Washer
  • Basement Type: Apartment, Concrete
  • Basement: Yes
  • Total Full Baths: 5
  • Total 1/2 Baths: 5
  • Bedrooms: 10
  • Basement Sq Ft: 3900.0
  • Cooling: Central Air
  • Flooring: Carpet, Ceramic Tile, Concrete, Vinyl
  • Heat Type: Forced Air, Natural Gas, Separate Meters
  • Interior Features: Ceiling Fan(s)
  • Roof: Shingle
Multi Family
Multi-Family Information
  • # of Units: 5
Rental
Rental Information
  • TenantPays: Electricity, Sewer, Water

Property History for 1007 Elizabeth Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 1007 Elizabeth Drive

This home is within Valparaiso Community Schools.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 12
Rating
School
Distance
Thomas Jefferson Elementary School
PublicK to 5

Thomas Jefferson Middle School
Public6 to 8

Valparaiso High School
Public9 to 12

Porter County Career Center
PublicK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Ellsbury Commercial Group LLC

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.Based on information from one of the following Multiple Listing Services: MIBOR MLS,IRMLS,Southern Indiana REALTORS® Association,Southeastern Indiana Board of REALTORS, Northwest Indiana REALTORS® Association Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by MIBOR MLS,IRMLS,Southern Indiana REALTORS® Association, Northwest Indiana REALTORS® AssociationSoutheastern Indiana Board of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.