1710 Firestone LN, Valparaiso, IN 46383
1710 Firestone LN, Valparaiso, IN 46383
1710 Firestone LN, Valparaiso, IN 46383
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$1,350,000
Est. payment /mo
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11,678 SqFt
Pending

1710 Firestone LN Valparaiso, IN 46383

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Maurice Cornett

Maurice Cornett

+1(219) 781-1169

UPDATED:

Key Details

Property Type Commercial

Sub Type Multi Family

Listing Status Pending

Purchase Type For Sale

Square Footage 11,678 sqft

Price per Sqft $115

MLS Listing ID 843830

HOA Y/N No

Year Built 2004

Annual Tax Amount $26,015

Tax Year 2024

Lot Size 0.742 Acres

Acres 0.742

Property Sub-Type Multi Family

Property Description

We are pleased to present 1710 Firestone Lane, an 8-unit townhome community in Valparaiso, Indiana, built in 2004. Each unit offers approximately 1,400 SF with 3 bedrooms, 2.5 baths, a private double-car garage, and in-unit laundry. A wonderful asset with clear room for rent growth. There is a potentially increase of 17 percent at the end of the current leases, which will produce just under an 8 percent pro forma cap rate. A 2024 roof replacement limits near-term capital needs. Located about 1.2 miles from Valparaiso University with sub-5 percent historical townhome vacancy, the property benefits from durable university- and medical-sector rental demand. With strong Northwest Indiana rental fundamentals and limited competing supply, 1710 Firestone Lane represents a compelling opportunity for investors seeking a turnkey asset that pairs dependable current income with clear rental-growth upside.

Location

State IN

County Porter

Zoning Residential

Interior

Interior Features Other

Heating Forced Air

Fireplace N

Appliance Dryer, Washer, Refrigerator, Range

Exterior

Exterior Feature Private Yard

Parking Features Alley Access, On Street, Garage Faces Rear

View Y/N true

View Neighborhood, None

Building

Lot Description Back Yard, Rectangular Lot, Near Public Transit, Few Trees, Corner Lot

Sewer Public Sewer

Water Public

Schools

School District Valparaiso

Others

Tax ID 641019330006000004

Security Features Smoke Detector(s)

Acceptable Financing NRA20260813183802743348000000

Listing Terms NRA20260813183802743348000000

Listed by Ellsbury Group • Xever Lemieux

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Maurice Cornett

Maurice Cornett

Broker Associate License ID: 19001105, 3607323, 475.201736

+1(219) 781-1169

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1710 Firestone LN