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16 Jefferson ST Valparaiso, IN 46383
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Key Details
Sold Price $555,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 6,698 sqft
Price per Sqft $82
Subdivision Valparaiso
MLS Listing ID 815573
Sold Date 05/20/25
Year Built 1921
Annual Tax Amount $4,655
Tax Year 2023
Lot Size 2,526 Sqft
Acres 0.058
Lot Dimensions 58x44
Property Sub-Type Mixed Use
Property Description
12-18 Jefferson. PRIME LOCATION ONE BLOCK OFF LINCOLNWAY! High traffic location in the heart of downtown! Mixed use property with 3 Commercial lease units on the main and 2 residential lease units upstairs. Fully-leased! Sale is subject to tenant rights. Cap rate of 6.7%. Owner pays Water/Sewer/Trash and common area Electric. Tenants pay remaining utilities. Both residential units are 2 bed/1 bath. Common area laundry for all tenants to utilize, as well as common area basement storage. On street parking.
Location
State IN
County Porter
Interior
Interior Features Ceiling Fan(s)
Heating Forced Air, Natural Gas, Hot Water
Fireplace N
Exterior
Exterior Feature Awning(s), Private Entrance, Rain Gutters
View Y/N true
View true
Building
Lot Description Zero Lot Line
Others
Tax ID 640924338003000004
Acceptable Financing NRA20250128171535191450000000
Listing Terms NRA20250128171535191450000000
Financing Cash
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Bought with RE/MAX Executives