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Multifamily

Merrillville Portfolio

3752 W 73rd Pl, Merrillville, IN 46410

Listing Price: $3,220,000

Cap Rate
6.25%
Number of Units
32
GRM
9.06
Occupancy
94.3%
Price/Unit
$100,625
Price/Gross SF
$97.58
Gross SF
33,000

Investment Overview

The portfolio is 32 units comprised of 8 buildings, each containing 4 units. Over the last serval years, Merrillville and Northwest Indiana has experienced some of the strongest rent growth in the Midwest, deriving from a lower cost of living and a more stable political/economic environment in Indiana compared to Chicago.

The Merrillville Portfolio offers a prospective investor an extremely attractive investment opportunity: the ability to acquire a well-maintained, high-performing property, located less than 45 minutes from downtown Chicago. This is a turn-key investment opportunity, priced to generate strong cash returns from day one.

Investment Highlights

  • Slightly below market rents
  • Northwest Indiana has experienced very strong rent growth over last several years
  • Townhome style units

Exclusively Listed By

Listing Price: $3,220,000

Cap Rate
6.25%
Number of Units
32
GRM
9.06
Occupancy
94.3%
Price/Unit
$100,625
Price/Gross SF
$97.58
Gross SF
33,000

Investment Highlights

  • Slightly below market rents
  • Northwest Indiana has experienced very strong rent growth over last several years
  • Townhome style units

Investment Overview

The portfolio is 32 units comprised of 8 buildings, each containing 4 units. Over the last serval years, Merrillville and Northwest Indiana has experienced some of the strongest rent growth in the Midwest, deriving from a lower cost of living and a more stable political/economic environment in Indiana compared to Chicago.

The Merrillville Portfolio offers a prospective investor an extremely attractive investment opportunity: the ability to acquire a well-maintained, high-performing property, located less than 45 minutes from downtown Chicago. This is a turn-key investment opportunity, priced to generate strong cash returns from day one.

Exclusively Listed By

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