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Sold over 5 years ago

$34,000

3 bd 1 ba 999 sqft

4134 E 5th Pl, Gary, IN 46403

Residential SFR Needs Repairs Off MLS

Current Rent **

$850

Projected Rent **

N/A

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Make Cash Flow Now!

Nice Brick 3 bed 1 ba 999sf ranch in the Aetna/Miller section of Gary Indiana minutes from the beaches and parks.

Quiet area where the neighbors have pride of ownership for their properties.

Newer windows, remodeled bathroom. Ceramic tile flooring.
Roof only a couple of years old. Furnace, water heater, electrical and plumbing all good. Gutters and soffits need some minor fixes or replacement.

Kitchen cabinetry will need replacing otherwise the home is in good shape.
About 5k needed for Rent ready due to the kitchen cabinets. 10k for market ready.

Low taxes (1100 yr)

25 minute commute to Downtown Chicago.
Easy access to expressways, train and bus station.
Perfect cash flowing rental. Priced below market value.

ARV is 58-62k

Comps are 58-72k
We have Equitable interest and are Assigning the contract.

Title is clean.
Buyer pays all closing costs and will receive Warranty Deed at closing!

More pictures Available Upon Request. Contact us Now.

Price 36,500

Ranko Radovich
Excelsior Investors LLC
219.641.3646

Location:

4134 E 5th Pl, Gary, IN 46403

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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.