Seller's Agent in 2024
Tariq Suboh
Ellsbury Group
(219) 805-5200
4 in this area
67 Total Sales
1007 Elizabeth Dr Valparaiso, IN 46383
10
Beds
10
Baths
3,900
Sq Ft
6,273
Sq Ft Lot Lot
Highlights
- Corner Lot
- No HOA
- Forced Air Heating and Cooling System
- Thomas Jefferson Elementary School Rated A
- 1-Story Property
- Concrete Flooring
About This Home
As of May 2024Rare opportunity!! This 5-unit townhouse package in the wonderful town of Valparaiso, IN is the investment opportunity you've been looking for. Each unit is occupied, and the current gross income is $75,000 annually. Each townhome has 2 large bedrooms,1 and a half bathrooms, a finished basement, and have been tastefully updated. This property has been well maintained and cared for by professionals over the past several years, which is an ideal situation for post-acquisition. Almost no utility bills! Tenants pay for their own gas, electric, water, and sewer utility bill, while the landlord pays for trash. Each townhome can be separately parceled out, which adds another interesting option for the future. This investment property currently sits at a true 6.0% cap rate, and projects to be a 7.3+% after a few simple moves. Reach out for detailed data, and to schedule a viewing of the property now!
Last Agent to Sell the Property
Ellsbury Group License #RB20000815 Listed on: 04/16/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,973
Year Built
- Built in 1966
Lot Details
- 6,273 Sq Ft Lot
- Privacy Fence
- Back Yard Fenced
- Corner Lot
Interior Spaces
- 1-Story Property
- Basement
- Laundry in Basement
Flooring
- Carpet
- Concrete
- Vinyl
Bedrooms and Bathrooms
- 10 Bedrooms
Laundry
- Dryer
- Washer
Parking
- 15 Parking Spaces
- Paved Parking
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Natural Gas
Listing and Financial Details
- Tenant pays for electricity, sewer, water
- The owner pays for grounds care, taxes, snow removal, management
- Assessor Parcel Number 64-10-19-102-001.000-004
Community Details
Overview
- No Home Owners Association
- 5 Units
- Willowbrook Condos Subdivision
Building Details
- Insurance Expense $2,270
- Maintenance Expense $1,710
- Manager Expense $3,500
- Trash Expense $2,208
- Gross Income $75,000
- Net Operating Income $47,278
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/31/2024 05/31/24 | Sold | $755,000 | -4.7% | $194 / Sq Ft |
| 04/28/2024 04/28/24 | Pending | -- | -- | -- |
| 04/16/2024 04/16/24 | For Sale | $792,000 | -- | $203 / Sq Ft |
Source: Northwest Indiana Association of REALTORS®
Agents Affiliated with this Home
-
Tariq Suboh
-
Farris Gosea
Seller Co-Listing Agent in 2024
Farris Gosea
Ellsbury Group
(219) 393-9177
6 in this area
66 Total Sales
-
Nicole Milford
Buyer's Agent in 2024
Nicole Milford
Compass Indiana, LLC
(630) 251-0382
11 in this area
440 Total Sales
Map
Source: Northwest Indiana Association of REALTORS®
MLS Number: 802226
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. Copyright 2026 Multiple Listing Service of the Northwest Indiana Realtors Association Multiple Listing Service (NIRA MLS). All rights reserved. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
Listings courtesy of Northwest Indiana Association of REALTORS® as distributed by MLS GRID.
Based on information submitted to the MLS GRID
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