1710 Firestone Ln, Valparaiso, IN

Name: 1710 Firestone Ln, For Sale in Valparaiso - Zoocasa
Brand: Ellsbury Group
SKU: 843830
Price: 1350000 USD

House

For Sale

Listed price in listed location currency (USD).

$1,350,000

0016

MLS® 843830

Overview

Key Facts

Type Multi Family

Levels Commercial Sale

Size 11678 sqft

Garage Yes

Taxes $26,015

Days Active 2

Lot Size 0.742 Acres

Approx. Age 2004

Avg. Price Per Sqft $115

MLS® Number 843830

Property Address: 1710 Firestone Ln, Valparaiso, IN, 46383-5350

Average square foot calculated using Size range provided by listing agent.

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.

MLS® Number843830

Laundry LevelMain

Central VacNo

FireplaceNo

Acreage

Exterior

GarageYes

Approx. Age2004

Basement

DrivewayAlley Access, On Street, Garage Faces Rear

Garage Spaces

HeatForced Air

A/C

Extras

Map

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