645 W 39th Ave, Gary, IN 46408

Single Family / 2 Bedroom(s) / 1 Bath(s)

Property Status:  For Sale | $63,900.00 | 


Property Photos


GOLDMINE


Property Status:
For Sale | $63,900.00
Property Details:
Single Family / 2 BR / 1 BA
Property Style:
1-Story
Year Built:
1939
Finished Sq Ft:
848
Basement:
Unfinished Basement
Owner / Agent:
Individual Owner
Property Features:
•Many more amenities
Contact Info
YEP REALTY LLC
(219) 378-6433

View on Individual's Website
Property Description:

Details:

Address:           645 W 39th Ave Gary, IN

*2 Beds * 1 baths * 848 Sq ft (with water Sealed Basement)

Area:                Lake County/East Gary

Multi Family: Home

Corner Lot:       N

*ARV: $151,000 (Comes with Pre appraisal paperwork)

*Taxes: $654.00/Annually

The parcel includes the entire corner Lot

Description: This Property is a !!!Goldmine!!! This was a fire damage but has been completely restored everything is all new and its already been gutted and reframed even the foundation has been repaired. To many amenities to name! this property is ready to finish and LIST in 30 days!

            Profit Breakdown:

*Purchase Price:                     $63,900*

Estimated Repairs:        $25,440                        (based on 70% of total repair @ $25sqft-$30sqft)

2019 Taxes:                  $900.00

*Total Investment:       $89,340.00

Neighborhood ARV:     $125,000-$199,000

Realtor Fee:                  $9,600  (6% of sell price)

Potential Profit:             ($61,660  /  59% Profit Potential)

*Total Investment:       $95,440.00

Neighborhood ARV:     $125,000-$199,000

Realtor Fee:                  $9,600  (6% of sell price)

Potential Profit:             ($55,560  /  36% Profit Potential)

Cash Flow:                  $552.00/mo

DISCLAIMER

This information is deemed reliable but not guaranteed!

Thanks,
Y.E.P Realty LLC

Comps:

Renovated:

4346 Massachusetts St           3bd*1 Bath                 *2,468sq (Redo) Sold $125,000*04/29/24.

4456 Washington St               4bd*2 Bath                 *1,756sq (Redo) Sold $158,500*12/27/23.

4363 Washington St               4bd*2 Bath                 *1,723sq (Redo) Sold $199,000*07/28/23.



Legal Disclaimer:
Northwest Indiana Creative Investors Association is not responsible for the properties or the information listed here. Each Property is independently owned.  Click on the link above to contact the Property Owner about this property.

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