Valparaiso, IN 46383 16 Jefferson Street
$699,900
2 more
Presented By: Dennis Seramur with Seramur Properties, LLC - (219) 548-8800;
SQFT • 6,698
Home Details
12-18 Jefferson. PRIME LOCATION ONE BLOCK OFF LINCOLNWAY! High traffic location in the heart of downtown! Mixed use property with 3 Commercial lease units on the main and 2 residential lease units upstairs. Fully-leased! Sale is subject to tenant rights. Cap rate of 6.7%. Owner pays Water/Sewer/Trash and common area Electric. Tenants pay remaining utilities. Both residential units are 2 bed/1 bath. Common area laundry for all tenants to utilize, as well as common area basement storage. On street parking.
Presented By: Dennis Seramur with Seramur Properties, LLC - (219) 548-8800;
Interior Features for 16 Jefferson Street
Other Interior Features
Interior AmenitiesCeiling Fan(s)
Laundry FeaturesIn Hall, Main Level, Inside
Other Rooms
General for 16 Jefferson Street
Building FeaturesExterior Lighting, Mixed Use, Sheet Rock Ceiling(s), Multi Tenant
CityValparaiso
Community FeaturesCurbs, Park, Street Lights, Sidewalks, Restaurant
CountyPorter
DirectionsLincolnway to Washington. Washington to Jefferson.
Electric100 Amp Service
Electric Expense4320
Gross Income60120
HeatingForced Air, Hot Water
Insurance Expense2040
Legal DescriptionOS N43.5 E58.34 LOT 3 BLK 18
Listing TermsCash, Conventional
Lot Size Square Feet2526
Net Operating Income46620
OwnerPaysInsurance, Water, Trash Collection, Taxes, Sewer, See Remarks
Property SubtypeMixed Use
Property TypeCommercial Sale
SewerPublic Sewer
Standard StatusActive Under Contract
StatusActive Under Contract
Subdivision NameValparaiso
Tax Annual Amount4655
Tax Year2023
Taxes$4,500
Total Actual Rent60120
TownshipCenter
UtilitiesElectricity Connected, Water Connected, Sewer Connected, Phone Connected, Natural Gas Connected
Waterfront Y/NNo
Year Built1921
Exterior for 16 Jefferson Street
Exterior AmenitiesAwning(s), Private Entrance, Rain Gutters
FencingNone
Lot Dimensions58x44
Lot FeaturesZero Lot Line
Lot Size Acres0.058
Lot Size SourceAssessor
Parking FeaturesOn Street
Total Parking0
Water SourcePublic
Additional Details
Price History
George Slater
Realtor
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Phone:
(708) 516-3783
License #543277