August 31, 2022 – Andrew O’Connell and Anthony Spangler of Horvath & Tremblay have successfully completed the sale of Woodside Terrace, a thirty-two (32) unit multi-family property in Valparaiso, Indiana. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $3,360,000.
Woodside Terrace is a well-maintained apartment community located at 1005 and 1009 McCord Road in Valparaiso, Indiana. This Property contains thirty-two (32) apartments spread across eight (8) two-story brick buildings. The desirable unit mix is comprised of twenty-three (23), 2-Bedroom/1-Bathroom units, four (4), 2-Bedroom/1.5-Bathroom units, four (4), 3-Bedroom/1-Bathroom units and one (1), 1-Bedroom/1-Bathroom unit. Woodside Terrace was constructed in 1976 and contains 31,440 square feet of living area in 35,000 total gross square feet on a 2.0-acre parcel of land with on-site parking for sixty-four (64) vehicles. The Property is located in a quiet residential neighborhood comprised mainly of single and multi-family homes. The buildings have poured concrete foundations with brick siding and pitched shingle roofs. All of the units feature patios (townhouse units only) and balconies, and many of the units have A/C units. Additionally, all of the units have dishwashers and in-unit washer/dryer hookups. The community also offers ample on-site parking, professionally landscaped grounds, and ample green space. Woodside Terrace is located less than 0.1-miles from the Thomas Jefferson Elementary & Middle Schools and is within 4 minutes or 1.4 miles of Valparaiso University. It is also near Purdue University, North Central Campus and Ivy Technical Community College, Northwest. The Property enjoys close proximity to local areas shopping amenities, positioned 0.2-miles from Calumet Avenue, the area’s primary commercial corridor with numerous restaurants and retailers like Strack & Van Til, Town & Country (Grocery Stores), CVS, Walgreens, McDonald’s, KFC, Wendy’s, Starbucks, and Dunkin’.
Horvath and Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Their advisors specialize in the sale of apartment buildings, mixed-use properties, and development projects. They have experience successfully structuring portfolio sales and 1031 exchanges. They have a dedicated buy side desk that provides real time inventory and market data to each individual client placing capital or fulfilling a 1031 exchange requirement. The firm is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.