373 S State Road 49

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373 S State Road 49

Valparaiso, IN 46383
Asking Price
$340K
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

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

  • Multifamily apartment building located in Valparaiso, Indiana.
  • Property address is 373 S State Road 49.
  • Asking price for this investment asset is 339,900 dollars.
  • Located within the growing Northwest Indiana regional housing market.
  • Suitable for investors targeting long-term residential rental income.

What's Special

Investors seeking to expand their residential holdings will find this multifamily apartment building at 373 S State Road 49 in Valparaiso, Indiana, a viable addition to a portfolio. The asset serves as a functional residential dwelling in a growing market within the Northwest Indiana region. Valparaiso benefits from its proximity to major transportation arteries and its established identity as a hub for both commuters and local residents. With its current configuration, the building offers clear potential for long-term rental income generation. The property location allows for convenient access to regional amenities and services common throughout this growing suburban area. This asset represents a straightforward acquisition for those focusing on workforce housing or similar residential investment strategies. The structure provides a foundation for steady operations in a stable demographic sector, making it a professional consideration for those monitoring the Northwest Indiana apartment market. Prospective buyers should note the location's connectivity and the inherent utility of the existing building footprint for residential management.

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NOI
$80,000
Cap Rate
23.54%
DSCR
3.96
Strong
Cash-on-Cash
58.66%
Monthly Payment
$1,681.64
Annual Cash Flow
$59,820.323

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