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5881 Fiesta AVE #4 Portage, IN 46368
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Key Details
Sold Price $450,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 14,810 sqft
Price per Sqft $30
Subdivision Villa Manor
MLS Listing ID 806780
Sold Date 12/04/24
Bedrooms 4
Full Baths 4
Year Built 1997
Annual Tax Amount $4,301
Tax Year 2023
Lot Size 0.340 Acres
Acres 0.34
Property Sub-Type Quadruplex
Property Description
This 4-unit apartment building in Portage is 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 $47,820 annually. All units have one bedroom, 1 bathroom, & a large living room and kitchen. 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 projects to be a 9.5%+ cap rate after a few simple moves. Reach out for detailed data, and to schedule a viewing of the property now!
Location
State IN
County Porter
Interior
Interior Features None
Heating Baseboard
Fireplace N
Appliance Dryer, Washer, Refrigerator, Microwave, Free-Standing Gas Range
Exterior
Exterior Feature None
View Y/N true
View true
Building
Lot Description Level
Story Two
Others
Tax ID 64-05-23-480-001.000-016
Acceptable Financing NRA20240712154055869775000000
Listing Terms NRA20240712154055869775000000
Financing FHA
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Bought with Ellsbury Commercial Group LLC
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