2581 Parkview St Portage, IN 46368
Eight fully occupied townhome units in Portage, Indiana.
Property size:
10,560 SFProperty Features for 2581 Parkview St
General Information
- Standard status
- Active
- Size
- 10,560 SF
Building Details
- Year built
- 1989
Source:
Crexi
Listing Agency: Ellsbury Group Listing Agent: Tariq Suboh
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Portage Townhome Units For Sale
This property features eight townhome units located in Portage, Indiana. Each unit offers a three-bedroom, one-and-a-half-bath layout, complemented by a private, fenced back patio. Tenants are responsible for covering the costs of gas and electric utilities, while the property ownership handles water and trash services. The property generates over $143,000 in gross annual rental income. Projections indicate that the income could exceed $168,000 once all units are brought to market rent. The property is currently operating at a true 7% cap rate based on actual performance and projects to approximately an 8.4% cap rate at market rents with updated pro forma expenses. The property size is 10560 square feet.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Portage
- County
- Porter
- State
- Indiana
- Longitude
- -87.16496
- Latitude
- 41.576746
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Eight fully occupied townhome units in Portage, Indiana.
Where is this apartment building located?
The property is located at 2581 Parkview St Portage, IN.
What are key features of this property?
This property features: - Fully occupied multi-unit townhome property generating over $143,000 in gross annual rental income.; - Projected gross annual rental income exceeding $168,000 once all units are at market rent.; - Operating at a true 7% cap rate based on actual performance, projecting to approximately 8.4% at market rents.
