SOLD
Horvath & Tremblay Brokers Sell Multifamily Property In Hobart, Indiana For $2M
847 South Lake Park Avenue
MultiFamily
24,000 SF
24,000 SF
Sold 1 year ago
Summary
Sale
INDIANA
MultiFamily
24,000 sqft
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.
Players
All
4
Agents
3
Agencies
1
Details
SOLD
IMAGE: Andrew O'Connell, John Przybyla & Anthony Spangler
DATE: 11/30/2021
ADDRESS: 847 S Lake Park Ave
MARKET: Hobart, Indiana
ASSET TYPE: Multifamily
BROKERS: Anthony Spangler (@_Anthony_Spangler_), Andrew O'Connell, John Przybyla - Horvath & Tremblay
SALE PRICE: $2,000,000
UNITS: 24 ~ PPU: $83,333
SF: 24,000 ~ PPSF: $83
NOTE FROM BROKER: $2,000,000 Sale Price, 7.16% Cap Rate, $83,333 Per Unit, Majority 2 Bed/1Bath Units, All Electric Heat, Located Near Lake George & Downtown HobartView on map
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Address847 South Lake Park Avenue
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