Excellent investment opportunity to acquire a well-maintained 4-unit townhome community in the highly desirable Porter area, just minutes from the Indiana Dunes National Park, I-94, and the South Shore commuter rail. Built in 1993, each spacious unit features approximately 1,330 SF with 2 bedrooms, 1.5 bathrooms, open-concept living areas, vaulted ceilings, granite countertops, stainless steel appliances, private rear decks, and in-unit washer/dryer hookups. Each unit is individually metered with tenants responsible for electric, gas, water/sewer, and trash, minimizing owner expenses. Recent capital improvements include roof replacement, HVAC and water heater updates, and parking lot resurfacing. Current rents provide immediate cash flow with significant upside as rents move toward market levels. An outstanding value-add opportunity in one of Northwest Indiana’s strongest rental markets.
Basic Details
Property Type : Residential Income
Listing Type : For Sale
Listing ID : NRA842347
Price : $575,000
Bedrooms : 8
Rooms : 0
Bathrooms : 8
Half Bathrooms : 4
Year Built : 1993
Lot Area : 20,168 Sqft
Status : Active
Acres : 0.463
Property Subtype 1 : Quadruplex
Status : Active
Features
Heating System : Forced Air, Natural Gas
Pet Policy : Call
Parking : Paved, Off Street, Additional Parking
Interior Features : No
Appliances
Appliances : Refrigerator, Gas Range
Address Map
Country : US
State : IN
County : Porter
City : Porter
Street : Lake Charles
Street Number : 1291-1297
Street Suffix : Avenue
Postal Code : 46304
Floor Number : 0
Longitude : W88° 54' 26.3''
Latitude : N41° 36' 47.2''
Directions : From I-94, take Exit 22 for IN-49 toward Chesterton/Porter. Head north on IN-49 approximately 2 miles, then turn left (west) onto US-20. Continue approximately 0.5 mile and turn right onto Lake Charles Avenue. Property is located on the left