SQUARE FEET11,678
MLS#843830
STATUSActive
PROPERTY TYPECommercial - Townhouse
SCHOOLValparaiso
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.
Property Features
Property Type: Commercial - Townhouse
Heating: Forced Air
Lot Size: 0.74 Acres
Taxes: $26,015
Year Built: 2004
Amenities
Private Yard
Appliances
Dryer
Washer
Refrigerator
Range
Feature Descriptions
Days on Site: 5
Lot: Back Yard, Rectangular Lot, Near Public Transit, Few Trees, Corner Lot
Parking Features: Alley Access, On Street, Garage Faces Rear
Security Features: Smoke Detector(s)
Sewer: Public Sewer
Utilities: Electricity Connected, Water Connected, Sewer Connected, Natural Gas Connected
Water: Public
Local Schools
High School: Valparaiso High School
School District: Valparaiso
Listed By / Shown By
Listed By
Agency Name: Ellsbury Group
Agency Phone: (219) 200-5133
Shown By
Agent Name: Cindy Malmquist
Agent Phone: (219) 928-8934
Agency Title: Key Realty
1710 Firestone Lane | MLS# 843830
This commercial property located at 1710 Firestone Lane , Valparaiso, IN 46383 is currently listed for sale with an asking price of $1,350,000. Firestone Lane is located within the Valparaiso school district. Search Valparaiso real estate on cindymalmquist.ikeyrealty.com today.