Well-maintained 4-unit apartment building, multifamily asset located in Crown Point, Indiana sitting on 0.51 acres. Built in 1978, this 4-unit property provides a strong investment opportunity. Prime location near schools, a community park, and local amenities, including on-site laundry facility and hallway storage for occupants. Owner is responsible for water (cold/hot) in units and common area, electricity only in common area, for gas bill in common area, and homeowner association fees. Units are fitted with in-wall electric air conditioning units, electric baseboard heating, and electric appliances including stove. Tenants are responsible for respective electric bills. All units are currently actively occupied, with several occupants living there for several years. First floor units include a walk out patio, second floor units include a balcony. A car port in front of the building provides ample parking spaces. Spacious grass surrounding the building with a small stream behind the property. Brand new, single-layer roof installed in 2017.
4-unit investment opportunity in the heart of downtown Crown Point offering immediate income with clear upside potential. The property features a unit mix of two 2-bedroom units and two 1-bedroom units, each with separate entrances for added privacy and flexibility. Two units have been updated with improvements including flooring, lighting, paint, and bathroom finishes, while the remaining two units are in solid condition with room for additional updates and increased rents. Tenants benefit from off-street parking with eight dedicated spaces located on a low-traffic side street, as well as walkability to restaurants, shops, and amenities just a few blocks away. Situated on a corner lot in a highly desirable downtown location with strong rental demand and access to Crown Point schools. Owner currently covers water, sewage, trash, and heat, with tenants responsible for electric and cooking gas, offering an opportunity to further optimize expenses. All units are currently on month-to-month leases, providing flexibility for investors to adjust rents or for an owner-occupant to occupy a unit.
Fantastic investment opportunity in a prime Crown Point location! This well-maintained property features three updated units on a city lot, all currently rented for immediate income. Located just minutes from downtown Crown Point, tenants enjoy access to desirable schools, local shops, and restaurants. With low taxes and minimal expenses, this is a smart addition to any investor's portfolio!
Albert Wright Page, License RB14038157, Xome Inc., License RC51300094, [email protected], 844-400-XOME (9663), 4471 North Billman Estates, Shelbyville, IN 46176
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Crown Point is located in Indiana. Crown Point, Indiana has a population of 33,518. Crown Point is more family-centric than the surrounding county with 36.4% of the households containing married families with children. The county average for households married with children is 27.11%.
The median household income in Crown Point, Indiana is $87,500. The median household income for the surrounding county is $62,052 compared to the national median of $69,021. The median age of people living in Crown Point is 39.7 years.
The average high temperature in July is 83.6 degrees, with an average low temperature in January of 15.7 degrees. The average rainfall is approximately 38.5 inches per year, with 32.3 inches of snow per year.
