This well-located 3-unit property in Crown Point, IN offers a rare opportunity for both owner-occupants and investors looking to capitalize on one of Northwest Indiana’s strongest rental markets.With a desirable unit mix of studio, one-bedroom, and two-bedroom layouts, and one unit currently vacant, it presents a perfect scenario for a buyer to move in while collecting rental income from the other two month-to-month tenants.The pro forma rent potential of 3,945/month highlights a strong opportunity to increase cash flow through market rent adjustments.Situated near downtown Crown Point in a neighborhood with strong demand and limited multifamily supply, this is a rare chance to acquire a stabilized asset with upside in both income and value.
Basic Details
Property Type : Residential Income
Listing Type : For Sale
Listing ID : NRA822630
Price : $300,000
Bedrooms : 4
Rooms : 0
Bathrooms : 3
Half Bathrooms : 0
Year Built : 1878
Lot Area : 9,240 Sqft
Status : Active
Acres : 0.2121
Property Subtype 1 : Triplex
Status : Active
Features
Heating System : Forced Air, Natural Gas
Pet Policy : No
Parking : Detached, Driveway, On Street, Garage Faces Side
Exterior Features : No
Interior Features : No
Appliances
Appliances : Dryer, Refrigerator, Washer
Address Map
Country : US
State : IN
County : Lake
City : Crown Point
Street : Goldsborough
Street Number : 216
Street Suffix : Street
Postal Code : 46307
Floor Number : 0
Longitude : W88° 38' 15.6''
Latitude : N41° 25' 23.8''
Directions : MAIN ST, EAST ON GOLDSBOROUGH TO PROPERTY ON CORNER OF GOLDSBOROUGH AND SHERMAN ST.