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$ 94,000
Est. payment /mo
Price Dropped by $3K
815 W 25th AVE Gary, IN 46407
3 Beds
1 Bath
2,526 SqFt
UPDATED:
Key Details
Property Type Single Family Home, Commercial
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 2,526 sqft
Price per Sqft $37
Subdivision Garfield Park Add
MLS Listing ID 824395
Bedrooms 3
Full Baths 1
Year Built 1945
Annual Tax Amount $1,520
Tax Year 2024
Lot Size 2,526 Sqft
Acres 0.058
Property Sub-Type Apartment
Property Description
Turnkey Rental Property. 9.3 Cap Rate!Investor special! This 3-bedroom, 1-bath single-family home offers an excellent opportunity to build or expand your portfolio with a solid return. Currently occupied by a reliable long-term tenant on a month-to-month lease at 1,000 per month, this property provides immediate income with a 9.3 cap rate at the current asking price. The home features a newer roof and windows, offering peace of mind and reduced maintenance costs. The tenant has been in place long term, offering stability with flexibility for future plans. Located in a strong rental market, this home is ideal for investors seeking cash flow now and value-add potential later.With 12,000 in annual gross income and minimal vacancy risk, the numbers make sense from day one. The property is being sold As Is, with plenty of upside for future rent increases or improvements that could boost value and returns. Whether you're a seasoned investor or just getting started, this is a smart, cash-flowing asset ready to work for you immediately.Contact an agent today to schedule your private tour!
Location
State IN
County Lake
Interior
Interior Features None
Heating Forced Air, Natural Gas
Fireplace N
Appliance None
Exterior
Exterior Feature Rain Gutters
View Y/N true
View true
Building
Lot Description Rectangular Lot
Story One
Others
Tax ID 450816330006000004
SqFt Source Assessor
Acceptable Financing NRA20250717150957421011000000
Listing Terms NRA20250717150957421011000000
Pets Allowed Yes
Listed by Weichert, Realtors-Moke Agency