$82,900
4506 Magoun Ave, East Chicago, IN 46312
Current Rent **
$3,200
Projected Rent **
N/A
WOW! Amazing cash flow on 6 unit! 19% CoCr! Rental property in NWI
This is a 6 unit multi family home in a blue collar working class area of Northwest Indiana. Add this unit to your portfolio and laugh all the way to the bank in 7 years. Great investment opportunity for new landlords and/or experienced landlords. It's only a 25 minute drive to downtown Chicago for tenants that want to explore. There are many attractions for a family to do in this area. There are grocery stores, restaurants, movie theatres, schools and parks within walking distance. Hurry this deal will be sold fast!
Property Specs:Elbert Dockery or Scott Steffek
Invest in Rehabs, LLC
3 Story Frame
10 bed, 6bath, broken down as 2 bed 1bath for 4 of the units and 2 studio and 1 bath
Built: 1929
2 car garage
10 Bedrooms
6 Bath
Partial Basement
2540 sq. ft.
Taxes: $2,640.00
Purchase Price: $82,900.00
Rehab Costs: $60,000.00
Total Price: $142,900.00
CCR: 19.44%!!!
REPAIRS NEEDED
Rehab Cost = $60,000.00.…..Scope of work will be sent to buyer.
1. New stainless-steel appliances
2. Kitchens – Some counters, cabinets, floor etc.
3. Bathroom – New vanity, faucets, flooring, walls etc.
4. New windows
5. Paint entire building
6. All new fixtures
7. New flooring
TERMS OF SALE
This is a cash sale only.
The information listed above is to the best of our knowledge.
Buyer pays 100% of closing costs which includes title company fees and escrow
Buyer will receive free and clear title
Please do all your inspections and due diligence up front before contracting
The first investor with a signed contract and $1500.00 earnest money gets the deal
This is an IRA Qualified investment
Remember, you’re welcome to use our property manager for this unit
CONTACT DETAILS
Phone: 773-401-7321
Email: [email protected]
Contact me if you have any other questions and concerns.
Location:
4506 Magoun Ave, East Chicago, IN 46312
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** 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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