April 6, 2023 – Anthony Spangler of Horvath & Tremblay has successfully completed the sale of seven (7) multi-family units in Valparaiso, Indiana. Horvath & Tremblay represented the seller and procured the buyer to complete the transaction at a sale price of $650,000.
The multi-family investment property is located at 456 & 460 Locust Street in Valparaiso, Indiana. The Property is improved by two (2), 2-story buildings with twelve residential units comprised of seven (7), 1-Bedroom/1-Bathroom units, three (3) 2-Bedroom/1-Bathroom units, one (1), 3-Bedroom/1-Bathroom unit, and one (1), Studio unit with 6,271 square feet of gross area on 0.26-acres of land. The Property is located on a quiet tree lined street in a predominantly residential neighborhood comprised mainly of single and multi-family homes and is 0.4-miles from Valparaiso University, a private university with an enrollment of about 3,500 students from over 50 countries on a 350-acre campus. Additionally, the University employes another 1,600 faculty and staff members that live and work on the campus. The Property is 0.75-miles from US Highway 30 and 2-miles from State Road 49, the area’s two primary commuter corridors. The Property is within 2-miles of Valparaiso Marketplace and Valparaiso Walk, two large shopping centers that are home to countless retailers including Target, Home Depot, Kohl’s, Best Buy, Marshalls, Aldi, and Menards which drive traffic to the area.
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.