13333 Lemoore St Cedar Lake, IN 46303
- Commercial real estate
- 3,168 SF
Current Use by Public Records
- Commercial real estate
Property Details for 13333 Lemoore St
- Year built
- 1929
- Property size
- 3,168 SF
- Property type
- Commercial real estate
Description
This charming two-story apartment building, constructed in 1929, presents a compelling investment opportunity in the desirable Cedar Lake, Indiana market. Located at 13333-36 Lemoore Street, 46303, this property boasts a total of 3,168 square feet and comprises four individual units. The unit mix includes three one-bedroom apartments and one two-bedroom apartment, offering flexibility for a variety of tenants. Priced at $199,000, this translates to an attractive price per unit of $49,750 and a price per square foot of $62.82. The property's location in Lake County offers strong rental demand, making it an ideal investment for those seeking to capitalize on the area's growth potential. While the building presents an opportunity for value-add improvements, its existing structure provides a solid foundation for immediate income generation. The property's age suggests potential for upgrades and modernization, allowing an investor to enhance both the aesthetic appeal and rental income. This is a prime opportunity to acquire a multifamily property in a sought-after location with significant upside potential. Serious inquiries are encouraged.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Cedar Lake
- County
- Lake
- State
- Indiana
- Longitude
- -87.419407
- Latitude
- 41.375324
