Essex Realty Group Brokers the Sale of 52 Units in Valparaiso, IN
June 5, 2018 11:47 AM
Mayfield Apartments is a 52-unit garden complex that features thirteen (13) buildings with four (4) units each. The unit mix consists of twelve (12), 1Bd/1Ba units and forty (40), 2Bd/1Ba units. The Property is located at 156-364 Mayfield Avenue in the northwest Indiana suburb of Valparaiso, which affords tenants easy access to many of Valparaiso's amenities including Valparaiso University, which is situated one quarter mile west of the property.
The City of Valparaiso is in Porter County, IN and is a vibrant suburb that has much to offer those who reside in the city. Among its numerous shopping areas, downtown Central Park Plaza, and the Porter County Regional Airport, Valparaiso is also home to Valparaiso University's main campus. Ranked as one of the top schools in the Midwest, this Division 1 university enrolls over 6,000 students and employs over 350 faculty.
Additionally, Valparaiso is the county seat of Porter County making it the administrative, judicial, and infrastructural hub of Porter County. According to the 2014 US Census, Valparaiso has a population of 32,000 people which was an 18% increase over the 2000 US Census.
The sale price was approximately $2,650,000.
Brian Kochendorfer, Brian Karmowski, and Troy Beebe were the brokers on the transaction.