$163,500
4069 Adams st, Gary, IN 46408
Current Rent **
$2,325
Projected Rent **
$2,756
Unit 1 Details
- Current Rent: $725
- Bedroom: 1 bd
- Bathroom: 1 ba
- Square Footage: 850 sqft
- Occupied: Yes
- Needs Repairs: No
- Off MLS: Yes
Unit 2 Details
- Current Rent: $850
- Bedroom: 3 bd
- Bathroom: 1 ba
- Square Footage: 0 sqft
- Occupied: Yes
- Needs Repairs: No
- Off MLS: Yes
Unit 3 Details
- Current Rent: $750
- Bedroom: 2 bd
- Bathroom: 1 ba
- Square Footage: 0 sqft
- Occupied: Yes
- Needs Repairs: No
- Off MLS: Yes
๐ฏ ๐ง๐ต๐ฟ๐ฒ๐ฒ ๐จ๐ป๐ถ๐ ๐ง๐ฟ๐ถ๐ฝ๐น๐ฒ๐ ๐ฏ ๐ญ๐ฌ๐ฌ% ๐ข๐ฐ๐ฐ๐๐ฝ๐ถ๐ฒ๐ฑ ๐ฏ ๐๐ฎ๐๐ต ๐๐น๐ผ๐๐ถ๐ป๐ด ๐ฏ ๐๐ฎ๐ฟ๐, ๐๐ก ๐ฏ๐ช๐ฎ๐น๐ธ๐๐ต๐ฟ๐ผ๐๐ด๐ต ๐ฉ๐ถ๐ฑ๐ฒ๐ผ ๐๐ป๐ฐ๐น๐๐ฑ๐ฒ๐ฑ ๐ฏ
Check out this amazing investment opportunity? It's fully occupied, cash flowing, brick, two story triplex in Gary Indiana.
Property consists of one - 3 bedroom / 1 bath unit, one - 2 bedroom / 1 bath unit and one - 1 bedroom / 1 bath unit!
Tenants are on annual leases and pay their own electric and gas utility bills, while the owner only pays for water/sewer and trash removal. ($200/month)
There is also a coin operated washing machine that brings in an additional $100/month!!
The roof is only 6 years old. Made of silicone membrane and coated every year. 3 water heaters 6 -10 years old. Furnaces maintained by an HVAC technician. One is 10 years old and one is 20 years old.
This property already generates $27,900/year with an actual cap rate of 10.21%! And the potential to raise the rents even more!
Don't miss out on this great investment opportunity!
Location:
4069 Adams st, Gary, IN 46408
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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.
** Current rent and projected rent are provided by the lister.
† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.
‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.
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