This rare rental property in Highland offers 4 residential units in the high demand rental market of highland, Indiana. This property is ideal for an investor seeking great cash flow with low maintenance requirements & upside for rent increases.We will be hosting a property tour at this property on Thursday September 18th from 4-5:30pm.
Property Features
Bedrooms
Appliances
- Laundry Features: Main Level
Bathrooms
Heating and Cooling
- Heating Features: Forced Air
Land Info
- Lot Size Acres: 0.1653
- Lot Size Square Feet: 7200
Rental Info
Homeowners Association
- Association Fee Frequency: Annual
- Pets Allowed: Call
Other Property Info
- Annual Tax Amount: 6680
- Source Listing Status: Active
- County: Lake
- Cap Rate: 8.04
- Directions: Driving East on I-94, take Exit Ramp going south on Kennedy. Continue Straight for 3 miles. Take a left on 100th then a right on 4th st. The property in straight ahead on the south at the end of the road.
- Tax Year: 2023
- Source Property Type: Residential Income
- Property Subtype: condo
- Source Neighborhood: Lakeside Add 10
- Parcel Number: 450733401015000026
- Subdivision: Lakeside Add 10
- Township: North
- Property Subtype: Apartment
- Source System Name: C2C
Commercial Info
- Net Operating Income: 45250
- Operating Expense: 15110
Building and Construction
- Year Built: 1971
- Above Grade Finished Area: 3172
- Levels: Two
- Property Age: 54
Utilities
- Sewer: Public Sewer
- Water Source: Public