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$ 575,000
Est. payment /mo
Active
1291-1297 Lake Charles Avenue Porter, IN 46304
8 Beds
8 Baths
0.46 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Subdivision Lake Charles Sub
MLS Listing ID 842347
Bedrooms 8
Full Baths 4
Half Baths 4
Year Built 1993
Annual Tax Amount $7,500
Tax Year 2024
Lot Size 0.463 Acres
Property Sub-Type Quadruplex
Property Description
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.
Location
State IN
County Porter
Interior
Interior Features None
Heating Forced Air, Natural Gas
Cooling Central Air
Fireplace No
Appliance Gas Range, Refrigerator
Exterior
Parking Features Additional Parking, Off Street, Paved
Building
Lot Description Back Yard, Paved
Others
Acceptable Financing Cash, VA Loan, FHA, Conventional
Listing Terms Cash, VA Loan, FHA, Conventional
Listed by Ellsbury Group
