Property Listing No Longer Available for Sale

5930 - 5946 Hohman Ave, Hammond, IN

Multi-family for Sale - $3,800,000 - 82,676 Sq. Ft.


Property Info

CIMLS#857271
Location
  5930 - 5946 Hohman Ave
  Hammond IN 46320
UpdatedFebruary 16th, 2016
TypeMulti-family
Price$3,800,000
Building82,676 Sq. Ft.

Property Description

Kiser Group is pleased to present this 118 unit, mixed use portfolio of 3 properties, located in Hammond, IN. This portfolio includes a unique mix of product types, just 30 minutes from Downtown Chicago and blocks from the new Federal Courthouse and Federal Building in Downtown Hammond. These properties are all stabilized and have all been well-maintained, with minimal capital expenditures required. New ownership will experience generous returns and the opportunity to add value. This portfolio includes the 88 unit Southmoor Apartments - a stunning, former hotel that is currently on the National Registry of Historic Places.

Location Description:

5930 - 5946 Hohman Ave, Hammond, IN 46320

124 Sibley St, Hammond, IN 46320

Highlights:

>> Includes 88 Unit Building Located On The National Registry Of Historic Places

>> Less Than 1 Mile To Downtown Hammond & New Federal Courthouse

>> Steps To Proposed Station For South Shore Line Extension

>> Excellent Returns

>> Great Mix Of Retail, Office & Apartments

>> Tons Of Upside & Potential

* Email for additional photos


Financials

Sales Info:

>> Cap rate: 9.2%

>> NOI: $349509