1710 Firestone Lane, Valparaiso, IN 46383
- $1,350,000
- 11,678
- SqFt
- List Price
- $1,350,000
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.
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Listing courtesy of Ellsbury Group.
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