Residential Income For Sale

5881 Fiesta Avenue, Portage, Indiana

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Property Description

This 4-unit apartment building in Portage is fully updated and rehabbed inside and out. 30 min away from IL and MI border, less than 1 hour away from Downtown Chicago. Each unit is occupied, and the current gross income is about $47,820 annually. All units have one bedroom, 1 bathroom, & a large living room and kitchen. This property is professionally managed, which is an ideal situation for post-acquisition. The owner pays very little for utilities, tenants pay for almost all. This investment property projects to be a 9.5%+ cap rate after a few simple moves. Reach out for detailed data, and to schedule a viewing of the property now!

Basic Details
Property Type : Residential Income
Listing Type : For Sale
Listing ID : NRA806780
Price : $450,000
Bedrooms : 4
Rooms : 0
Bathrooms : 4
Half Bathrooms : 0
Year Built : 1997
Lot Area : 14,810 Sqft
Status : Active
Acres : 0.34
Property Subtype 1 : Quadruplex
Status : Active
Features
Heating System : Baseboard
Parking : Common, Parking Lot
Appliances
Appliances : Microwave, Dryer, Refrigerator, Washer, Free-standing Gas Range
Address Map
Country : US
State : IN
County : Porter
City : Portage
Street : Fiesta
Street Number : 5881
Street Suffix : Avenue
Postal Code : 46368
Floor Number : 0
Longitude : W88° 48' 45.6''
Latitude : N41° 33' 5.9''
Unit : 4
Township : Portage
MLS Addon
Office Name : Ellsbury Commercial Group LLC
Listing Agent MLS ID : NRA17666
Listing Office MLS ID : NRA2314
Annual Tax Amount : $4,301
HOA/POA-Annual Amt. : $0
HOA/POA-Monthly Amt. : $0
Tax Year : 2023
Residential Income For Sale
  • Listing ID : NRA806780
  • Bedrooms : 4
  • Bathrooms : 4
  • Lot Area : 14,810 Sqft
$450,000
Agent info
Dan Kelley
Remax County Wide 1st
814 E LaSalle South Bend, IN 46617
Contact Agent