507 Franklin Street

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507 Franklin Street

Valparaiso, IN 46383
Asking Price
$368K
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 Valparaiso
  • Total asking price for the property is 368,000 dollars
  • Asset is situated in the 46383 zip code area
  • Strategic location within the growing Northwest Indiana regional market
  • Property represents a focused opportunity for residential real estate investors

What's Special

This multifamily apartment building at 507 Franklin Street in Valparaiso, Indiana, is currently listed for sale at 368,000 dollars. Positioned in the heart of Valparaiso, the property benefits from its proximity to a stable local economy and the surrounding regional community of Northwest Indiana. As a regional hub, Valparaiso provides a consistent demand for rental housing due to its steady population growth and connection to the broader Chicago metropolitan area. Investors looking to expand their portfolio in a suburban Indiana market may find this asset suitable for various residential leasing strategies. The location offers accessibility to local amenities and professional centers, making it a functional choice for tenants seeking convenience. This building serves as a practical addition for those focused on small to mid-sized residential multifamily investments within a growing submarket.

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NOI
$80,000
Cap Rate
21.74%
DSCR
3.66
Strong
Cash-on-Cash
52.67%
Monthly Payment
$1,820.663
Annual Cash Flow
$58,152.041

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