Horvath & Tremblay Brokers Sell Multifamily Property In Hobart, Indiana For $2M

A multifamily property located at 847 S Lake Park Ave in Hobart, Indiana has been sold for a price of $2,000,000. The property consists of 24 units with an average price per unit of $83,333. The total square footage of the property is 24,000, resulting in a price per square foot of $83. The majority of the units are 2 bed/1 bath and all have electric heat. The property is situated near Lake George and downtown Hobart.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $2,000,000
• Units: 24
• Price per Unit: $83,333
• Square Footage: 24,000
• Price per Square Foot: $83
• Market: Hobart, Indiana

The sale was facilitated by brokers Anthony Spangler, Andrew O'Connell, and John Przybyla from Horvath & Tremblay.