5505 W Schultz Road

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5505 W Schultz Road

La Porte, IN 46350
Asking Price
$680K
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Multifamily apartment building available for sale in La Porte
  • Property located at 5505 W Schultz Road in Indiana
  • Offered for purchase at an asking price of $680,000
  • Asset supports residential rental operations in a growing market

What's Special

La Porte serves as a significant hub within the Northern Indiana industrial corridor, offering steady demand for residential housing near major regional transit routes. This multifamily asset located at 5505 W Schultz Road provides an established footprint within this growing market, catering to a diverse tenant base in search of accessible apartment living. The surrounding area benefits from proximity to local employment centers and essential community services, making it a viable addition to a residential investment portfolio. An apartment building of this scale functions well for investors targeting stable rental income in a community-focused submarket. The property occupies a strategic position for those looking to capitalize on consistent occupancy trends and the reliable demand characterizing this region of the state. With its practical layout and residential configuration, the asset serves the ongoing need for housing in the greater La Porte vicinity.

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NOI
$80,000
Cap Rate
11.76%
DSCR
1.98
Strong
Cash-on-Cash
19.43%
Monthly Payment
$3,364.269
Annual Cash Flow
$39,628.772

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