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1116 119th St

9 Unit Apartment Building $550,000 ($61,111/Unit) 5.56% Cap Rate Whiting, IN 46394

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Investment Highlights

Below Market Rents!
Close to Downtown Whiting!

Vacant Retail Unit - Owner/User Opportunity!

Executive Summary

Great opportunity to own a 9-unit mixed-use apartment building near Downtown Whiting. Great upside with Below-Market Rents. Main floor retail space is vacant and could be ideal for Owner/User. Landlord pays Water, Garbage, Insurance. Heat supplied by Boiler for 6-apartments (Landlord pays). All unit are metered separately for electric (Tenants pay). Full basement.

Brochure - 1116 - 119th - Whiting

Property Facts Under Contract

Price	$550,000	Apartment Style	Low Rise
Price Per Unit	$61,111	Building Class	C
Sale Type	Investment	Lot Size	0.07 AC
Cap Rate	5.56%	Building Size	8,121 SF
No. Units	9	No. Stories	3
Property Type	Multifamily	Year Built	1909
Property Subtype	Apartment General Retail Storefront Retail/Residential

Price	$550,000
Price Per Unit	$61,111
Sale Type	Investment
Cap Rate	5.56%
No. Units	9
Property Type	Multifamily
Property Subtype	Apartment General Retail Storefront Retail/Residential
Apartment Style	Low Rise
Building Class	C
Lot Size	0.07 AC
Building Size	8,121 SF
No. Stories	3
Year Built	1909

Unit Mix Information

Description	No. Units	Avg. Rent/Mo	SF
1+1	7	-	-
2+1	1	-	-

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Walk Score ®

Very Walkable (81)

What is a Walk Score®, Transit Score® & Bike Score®?

Walk Score® measures the walkability of any address.

Transit Score® measures access to public transit.

Bike Score® measures bikeability of a location.

What is a Walk Score®

, Transit Score® & Bike Score?

Walk Score® measures the walkability

of any address. Transit Score®

measures access to public transit. Bike Score®

measures bikeability of a location.®

Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number	45-03-07-179-004.000-023	Improvements Assessment	$241,500
Land Assessment	$10,200	Total Assessment	$251,700

PROPERTY TAXES

Parcel Number

45-03-07-179-004.000-023

Land Assessment

$10,200

Improvements Assessment

$241,500

Total Assessment

$251,700

Listing ID: 31845553
Date on Market: 5/17/2024
Last Updated:
Address: 1116 119th St, Whiting, IN 46394

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1116 119th St, Whiting, IN for sale Primary Photo- Image 1 of 4 — IMG_0653

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