4
See all 4 photos
$89,900
Est. payment /mo
3 Beds
1 Bath
2,526 SqFt
Active
815 W 25th AVE Gary, IN 46407
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Key Details
Property Type Single Family Home
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 2,526 sqft
Price per Sqft $35
Subdivision Garfield Park Add
MLS Listing ID 839546
Bedrooms 3
Full Baths 1
Year Built 1945
Annual Tax Amount $1,680
Tax Year 2025
Lot Size 2,526 Sqft
Acres 0.058
Property Sub-Type Apartment
Property Description
INVESTORS - Affordable 3-bedroom, 1-bath raised ranch. This home features a full basement and solid fundamentals, with major updates already completed--including a roof and windows recently --giving you peace of mind on the big-ticket items. Inside, you'll find a great layout with plenty of potential to make it your own over time. Whether you're tired of rising rent or ready to invest in your future, this home offers a smart, affordable path to ownership. Currently occupied by a reliable long-term tenant on a month-to-month lease at 1,000/month, this reflects a stable, below-market rent typical of long-term occupancy--providing an opportunity for future increases. At the current asking price, the property delivers an estimated 10.0 cap rate with 12,000 annual gross income and minimal vacancy risk. Property is located in a strong rental area, you may also want to explore local Section 8 Housing Choice Voucher Program payment standards, which could support higher rental income and improved returns, depending on qualification and tenant placement. Sold As-Is, this property offers both immediate cash flow and value-add potential through rent adjustments or light improvements. Whether you're building your portfolio or entering the market, this is a cash-flowing asset ready to perform from day one. Sold As-Is. Schedule your private showing today and take the first step toward owning your home!
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 NRA20260526161137008020000000
Listing Terms NRA20260526161137008020000000
Pets Allowed Call
Listed by Weichert, Realtors-Moke Agency • Dennis Nichols
Nearby Locations
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