Multifamily
Lake Charles Townhomes
1341 Lake Charles Ave, Porter, IN 46304
Listing Price: $6,520,000
Investment Overview
This well-maintained 44-unit townhome community is ideally located in the Porter / Chesterton, Indiana market. The property consists entirely of two- and one-story townhome-style units, offering a residential feel that consistently drives strong tenant demand and long-term tenancy.
Constructed between 1993 and 2001, the asset features a highly desirable unit mix of 36 two-story 2-bed/1.5-bath townhomes (1,330 square feet) and eight single-story 2-bed/2-bath townhomes with attached garages (1,200 square feet).
Lake Charles Townhomes
Investment Highlights
- All New Roofs in 2016, and One Building Having a New Roof in 2013. Significant Number of HVACs, Water Heaters, and Appliances were Replaced Between 2016 and 2025. Parking Lots Repaved in 2019.
- The Property Benefits from Solid Physical Fundamentals, Functional Layouts, and a Neighborhood Setting that Appeals to Both Families and Long-Term Renters
- Long-Term Tenants Averaging Occupancy of More than Five Years. New Leases Seeing a $100 to $200 Above the Average
Listing Price: $6,520,000
Investment Highlights
- All New Roofs in 2016, and One Building Having a New Roof in 2013. Significant Number of HVACs, Water Heaters, and Appliances were Replaced Between 2016 and 2025. Parking Lots Repaved in 2019.
- The Property Benefits from Solid Physical Fundamentals, Functional Layouts, and a Neighborhood Setting that Appeals to Both Families and Long-Term Renters
- Long-Term Tenants Averaging Occupancy of More than Five Years. New Leases Seeing a $100 to $200 Above the Average
Investment Overview
This well-maintained 44-unit townhome community is ideally located in the Porter / Chesterton, Indiana market. The property consists entirely of two- and one-story townhome-style units, offering a residential feel that consistently drives strong tenant demand and long-term tenancy. Constructed between 1993 and 2001, the asset features a highly desirable unit mix of 36 two-story 2-bed/1.5-bath townhomes (1,330 square feet) and eight single-story 2-bed/2-bath townhomes with attached garages (1,200 square feet).
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