6021-55 Canden Ave., 2378-2400 Dixie Dr. , 6021-6121 McCasland Ave

Investment Overview

33 Realty is delighted to present Canden Crossing a 100-unit multifamily investment opportunity in Portage, Indiana. The property straddles Interstate 80 and provides two unique housing options for tenants to call home. Built in 1972 and 1980, these apartments underwent a large remodel between 2022 and 2023, allowing an investor the opportunity to continue the rolling rehab of the property to continue to increase NOI through a proven renovation plan. The south side of the property is comprised of four larger buildings with concrete balconies and ample open space for tenants to enjoy. The north side of the property is composed of 13 smaller buildings tucked into a wooded setting. With the Portage/Ogden train stop minutes away this location makes it possible to easily access Chicago by rail or road, while giving tenants the ability to access all that Northwest Indiana has to offer.

Investment Highlights

• Excellent unit mix comprised of 82 Two Bedroom and 18 One Bedroom Units
• Attractive existing cash flow with opportunity to continue proven renovation strategy
• Easy access to the Portage - Ogden train stop
• Driving distance to the Indiana Dunes and Indiana's outdoor amenities
• Room to raise rents to market without rehab and additional rent attainable with continued rehab plan
• Easy access to I-80
• 203 surface parking spaces on site
• Within a 50 minute drive from Midway International Airport
• Coin laundry in each building
• Separately metered electrical
• Electric baseboard heating
• Frame construction with brick exteriors