2004 Mccord Road, Valparaiso, IN 46383
New Listing
$2,900,000
Property Type:
Commercial Sale
Square Footage:
17,280
Lot Size (sq. ft.):
66,211
Status:
Active
Current Price:
$2,900,000
List Date:
9/09/2026
Last Modified:
9/10/2026
Listing Details MLS# 845033
General Property Information
- Number Of Units Total
- 20
- Living Area
- 17280
- Building Area Source
- Assessor
- Year Built
- 1986
- Parking Total
- 20
- Lot Size Acres
- 1.52
- Lot Size Square Feet
- 66211.2
- Lot Size Source
- Assessor
- Waterfront YN
- No
- Basement YN
- No
- Stories
- 2
Property Features
Appliances:
Dishwasher; Gas Range; Refrigerator
Building Features:
Balcony; Patio
Business Type:
Other
Construction Materials:
Vinyl Siding
Cooling:
Central Air
Current Use:
Multi-Family
Electric:
Other
Flooring:
Carpet; Tile; Vinyl
Heating:
Forced Air
Listing Terms:
Other
Owner Pays:
Common Area Maintenance; Taxes
Parking Features:
Concrete; Detached; On Street
Possession:
Subject To Tenant Rights
Rail Availability:
None
Roof:
Shingle
Sewer:
Public Sewer
Special Listing Conditions:
None
Tenant Pays:
Electricity; Gas; Sewer; Trash Collection; Water
Utilities:
Other
Water Source:
Public
Contract Information
- Auction YN
- No
- Original List Price
- 2900000
- Property Sub Type
- Multi Family
- Listing Agreement
- Exclusive Right To Sell
- Owner Name
- Cam Pine Ridge LLC
- Occupant Type
- Tenant
Location Tax and Legal
- Street Number
- 2004
- Street Name
- Mccord
- Street Suffix
- Road
- County
- Porter
- State
- IN
- Postal Code
- 46383
- Subdivision Name
- Jefferson Park 12th Add
Remarks and Miscellaneous
- Public Remarks
- Five separately parceled four-unit buildings, held in common ownership and offered together as a single 20-unit portfolio in Valparaiso: 2004 McCord Road, plus 1302 Sturdy Road, 1304 Sturdy Road, 1306 Sturdy Road and 1308 Sturdy Road. All 20 units are two-bedroom, one-bath, averaging 864 SF, totaling 17,280 SF of building area on 1.52 acres. Each two-story building is paired with its own detached four-car garage, 20 private garage spaces, every one with an electric opener, an amenity uncommon in this unit-size band. Furnaces, A/C units and water heaters are individual to each unit, keeping capital planning incremental. Tenants pay water, sewer, trash, electric and gas, leaving ownership responsible only for common electric, lawn and snow, insurance, taxes and management, an expense ratio of 27.3 percent. In-place rents average 1,229 dollars per month against a pro forma of 1,475, a spread of 20 percent that local comparables support: three recent Valparaiso two-bedroom leases average 1,520. On a trailing basis the portfolio produces effective income of 291,538 and NOI of 212,019, a going-in return of 7.31 percent. Roughly 200,000 dollars of capital has already been deployed on unit rehabs and mechanical work.
Status Change Information
- Major Change Timestamp
- 2026-09-09T19:56:44Z
- Major Change Type
- New Listing
- Status Change Timestamp
- 2026-09-09
More Information
Exemption Information
- Exemption YN
- No
Showing Requirements
- Showing Instructions
- Call listing agent
Listing Office:
Ellsbury Group
Last Updated: September - 10 - 2026
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