3 Unit Cashflowing Property in Gary, IN - $135K
- Rental Property Investor
- Crown Point, IN
Off Market Multi-family property in Gary - Lincoln St, Gary, In
Asking Price: $135,000
Property Details
Number of Units: 3
All Units Occupied: Yes
Lease Type: Month-to-month
Rent Rates and Unit MixUpstairs Unit
Rent: $720/month 1st Floor Unit (2/1)
Rent: $790/month Basement Unit (1/1)
Rent: $780/month - 2nd floor (3/1)
Total: $2290/month
Section 8 Rent Potential
Total Potential Rent: $3,500/month combined
Utilities and ExpensesElectric: Each unit individually metered, paid by tenants.
Common area meter: $50/month (paid by owner).
Gas: Separate meters for each unit, paid by tenants.Basement does not use gas.
Water/Sanitation: Paid by owner.
Water: $90/month
Sanitation: $90/month
Water Heaters: 2 water heaters feed all 3 units.Top floor unit has its own water heater. Basement and second floor share a water heater.
Total Monthly Expenses for Owner Common Area
Electric: $50
Water: $90
Sanitation: $90
Total: $230 / month
Jake Rhodes for access and more info
