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Multifamily

Park Pointe Townhomes

1701-1816 Dainesway Dr, Valparaiso, IN 46383

Listing Price: $2,600,000

Cap Rate
5.86%
Number of Units
19
Occupancy
100.0%
Price/Unit
$136,842
Price/Gross SF
$112.35
Gross SF
23,142

Investment Overview

Marcus & Millichap is pleased to offer the Park Pointe Townhomes. Park Pointe Townhomes is a 19-unit property comprised of 5 brick masonry-built building in a community style environment located in Valparaiso Indiana. Park Pointe Townhomes sits on over 23,142 SF of land and has a healthy mix of 10 two-bedroom and 9 three-bedroom units each with private entrances. The building was built in 2006 and has 6 units that have had some renovations to units that include new appliances and flooring. Each unit is separately metered with tenants pay for gas, water & sewer, and electric.

Investment Highlights

  • Upside in Rents with Renovating Remaining Units
  • Valparaiso Has Had Over 23% Population Growth
  • Very Well-Maintained Townhomes with High Historical Occupancy

Exclusively Listed By

  • David B. Tarnoff

    First Vice President Investments

    (312) 624-7017

    Email David

    License(s): IL: 471.009921, WI: 50698-94, IN: RB14050851

    Chicago Downtown

  • Patrick Suffield

    Associate

    (312) 327-5419

    Email Patrick

    License(s): IL: 475.179485, MI: 6501424960

    Chicago Downtown

Broker of Record

  • Josh Caruana

    First Vice President/District Manager

    (317) 218-5300

    License(s) IN: RB14034355

    Indiana

Financing By

Listing Price: $2,600,000

Cap Rate
5.86%
Number of Units
19
Occupancy
100.0%
Price/Unit
$136,842
Price/Gross SF
$112.35
Gross SF
23,142

Investment Highlights

  • Upside in Rents with Renovating Remaining Units
  • Valparaiso Has Had Over 23% Population Growth
  • Very Well-Maintained Townhomes with High Historical Occupancy

Investment Overview

Marcus & Millichap is pleased to offer the Park Pointe Townhomes. Park Pointe Townhomes is a 19-unit property comprised of 5 brick masonry-built building in a community style environment located in Valparaiso Indiana. Park Pointe Townhomes sits on over 23,142 SF of land and has a healthy mix of 10 two-bedroom and 9 three-bedroom units each with private entrances. The building was built in 2006 and has 6 units that have had some renovations to units that include new appliances and flooring. Each unit is separately metered with tenants pay for gas, water & sewer, and electric.

Exclusively Listed By

  • David B. Tarnoff

    First Vice President Investments

    (312) 624-7017

    Email David

    License(s): IL: 471.009921, WI: 50698-94, IN: RB14050851

    Chicago Downtown

  • Patrick Suffield

    Associate

    (312) 327-5419

    Email Patrick

    License(s): IL: 475.179485, MI: 6501424960

    Chicago Downtown

Broker of Record

  • Josh Caruana

    First Vice President/District Manager

    (317) 218-5300

    License(s): IN: RB14034355

    Indiana

Financing By

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