140 West St Crown Point, IN 46307
- Apartment buildings
Current Use by Public Records
- Apartment buildings
Property Details for 140 West St
- Year built
- 1951
- Property type
- Apartment buildings
Description
This exceptional 7-unit apartment building at 140 N West St, Crown Point, Indiana, presents a compelling investment opportunity. Boasting 3,612 square feet of net rentable space, this two-story building was completely renovated in 2022, ensuring modern amenities and reduced maintenance costs. The property is situated in a prime location, just off Crown Point Square, benefiting from high visibility and substantial foot traffic. Currently fully occupied with long-term tenants, this asset offers immediate cash flow and a stable income stream. Each of the seven units commands a price of $135,714.29, contributing to the attractive overall asking price of $950,000. The building, constructed in 1951, has been meticulously updated, offering a blend of classic charm and modern functionality. The option for entity transfer at sale is available, streamlining the acquisition process. This turnkey investment is ideal for those seeking a secure and profitable addition to their commercial real estate portfolio. The property's strong occupancy rate, prime location, and recent renovation combine to create a truly exceptional investment opportunity in the thriving Crown Point market. The zip code is 46307, and the property is located in Lake County, Indiana.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Crown Point
- County
- Lake
- State
- Indiana
- Longitude
- -87.3664
- Latitude
- 41.4188
