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Joanna Lewkowicz

joanna@boutiquehomerealty.com +1(708) 963-0011

$1,350,000

Est. payment - /mo

11,678 SqFt

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Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 11,678 sqft

Price per Sqft $115

MLS Listing ID 843830

Year Built 2004

Annual Tax Amount $26,015

Tax Year 2024

Lot Size 0.742 Acres

Property Sub-Type Multi Family

Property Description

We are pleased to present 1710 Firestone Lane, an 8-unit townhome community in Valparaiso, Indiana, built in 2004. Each unit offers approximately 1,400 SF with 3 bedrooms, 2.5 baths, a private double-car garage, and in-unit laundry. A wonderful asset with clear room for rent growth. There is a potentially increase of 17 percent at the end of the current leases, which will produce just under an 8 percent pro forma cap rate. A 2024 roof replacement limits near-term capital needs. Located about 1.2 miles from Valparaiso University with sub-5 percent historical townhome vacancy, the property benefits from durable university- and medical-sector rental demand. With strong Northwest Indiana rental fundamentals and limited competing supply, 1710 Firestone Lane represents a compelling opportunity for investors seeking a turnkey asset that pairs dependable current income with clear rental-growth upside.

Location

State IN

County Porter

Zoning Residential

Interior

Interior Features Other

Heating Forced Air

Cooling Central Air

Flooring Carpet, Vinyl

Fireplace No

Appliance Dryer, Washer, Refrigerator, Range

Exterior

Exterior Feature Private Yard

Parking Features Alley Access, On Street, Garage Faces Rear

Utilities Available Electricity Connected, Water Connected, Sewer Connected, Natural Gas Connected

Roof Type Shingle

Building

Lot Description Back Yard, Rectangular Lot, Near Public Transit, Few Trees, Corner Lot

Story 2

Foundation Slab

Structure Type Brick

Schools

High Schools Valparaiso High School

School District Valparaiso

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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Listed by Ellsbury Group

NEARBY SCHOOL & BUSINESS

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Joanna Lewkowicz

Designated Managing Broker | Owner 471.018027471018027

+1(708) 963-0011 | joanna@boutiquehomerealty.com

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1710 Firestone Lane Valparaiso, IN 46383

Joanna Lewkowicz

Key Details

Location

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOL & BUSINESS

GET MORE INFORMATION

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1710 Firestone Lane