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 | |
| Updated | February 16th, 2016 |
| Type | Multi-family |
| Price | $3,800,000 |
| Building | 82,676 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
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Financials
Sales Info:
>> Cap rate: 9.2%
>> NOI: $349509