8137 Pine Island Terrace, Crown Point, IN 46307
Local realty services provided by:Better Homes and Gardens Real Estate Connections
Listed by: steven koleno
Office: beycome brokerage realty llc.804-656-5007
MLS#:838817
Source:Northwest Indiana AOR as distributed by MLS GRID
8137 Pine Island Terrace,Crown Point, IN 46307
$544,900
- - Beds
- - Baths
- - sq. ft.
- Multi-family
- Active
Price summary
- Price:$544,900
About this home
Well-maintained 4-unit apartment building, multifamily asset located in Crown Point, Indiana sitting on 0.51 acres. Built in 1978, this 4-unit property provides a strong investment opportunity. Prime location near schools, a community park, and local amenities, including on-site laundry facility and hallway storage for occupants. Owner is responsible for water (cold/hot) in units and common area, electricity only in common area, for gas bill in common area, and home owner association fees. Units are fitted with in-wall electric air conditioning units, electric baseboard heating, and electric appliances including stove. Tenants are responsible for respective electric bills. First floor units include a walk out patio, second floor units include a balcony. A car port in front of the building provides ample parking spaces. Spacious grass surrounding the building with a small stream behind the property. Brand new, single-layer roof installed in 2017. Rent: Understandably these may be lower than what the market may dictates but the owners financial capabilities allows lower rents to minimize turnover. Current tenants between 5-14 yrs on premise. New owners would have the ability to adjust rent to meet their needs. Total revenue: 4,160/month (includes est value for one open vacancy) + Laundry revenue ~200/month Expenses: - HOA 150/month includes garbage 2x week, fertilizer, and mowing/snow plowing parkway and parking lot - Water 135/mo - Elec 50/mo - Gas 50/mo Misc Details: -Gas is only in laundry room to support water heaters and dryer. No gas in units. -Water heaters 10 years -Washer (~2yrs) & Dryer (~5 yrs) are Speedqueen commercial quality. -No furnaces. -Each unit is fully electric with electric baseboard heating and electric stove. Tenants pay electricity. AC wall units: - 3 bd 1st unit 3yrs old, 2nd unit is older unknown age. - 2 bd all units have new AC units 1 yr old....
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Home facts
- Year built:1977
- Subdivision & Development:n/a
- Listing ID #:838817
- Added:139 day(s) ago
- Updated:September 28, 2026 at 03:00 PM
Rooms and interior
- Kitchen Description:Dishwasher, Disposal, Electric Range, Freezer, Gas Range, Range, Range Hood, Refrigerator
- Basement Description:No Basement
Structure and exterior
- Year built:1977
- Lot area:0.51 Acres
Utilities
- Water:Public
Finances and disclosures
- Price:$544,900
- Tax amount:$4,683 (2024)
Features and amenities
- Laundry features:Dryer, Washer
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