BiggerPockets

Description:

Located in the Historic district of Hammond, this 3 unit is ready for you to rehab, rent out, and make money. The two-story main building has 2 beds and 1 bath in each unit, and the coach house is a 1bed/1 bath. These units rent for $650 each, and the after Repair Value is estimated at $110,000, so this property is a real money maker. There was a fire in the main unit, and it has been cleaned out stripped to the studs. There is a new furnace and water heater for each unit, and the coach house is in move in condition. All for only $25,000.