5930 Fiesta AVE Portage, IN 46368

Fully renovated! This 4-unit apartment building in Portage has been fully updated and rehabbed inside and out. 30 min away from IL and MI border, less than 1 hour away from Downtown Chicago. Each unit is occupied, and the current gross income is about $70,000 annually. All units are about 1000 sq ft, have two large bedrooms, 1 bathroom, large living room and kitchen, with in-unit laundry hook up. This property is professionally managed, which is an ideal situation for post-acquisition. The owner pays very little for utilities, tenants pay for almost all. This investment property currently sits at a true 9.36+% cap rate, and projects to be a 10%+ cap rate after a few simple moves. Reach out for detailed data, and to schedule a viewing of the property now!