This Property is Not Active


2585 W 11th Ave, Gary, IN 46404

Multiple Family / 0 Bedroom(s)

Property Status:  Not Available | $95,000.00 (Wholesale) | 


Property Photos


14-Unit Apartment Building for Sale!!!


Property Status:
Not Available | $95,000.00 (Wholesale)
Property Details:
Multiple Family / 0 BR
Property Style:
5+ Units
Year Built:
1917
Finished Sq Ft:
14,500
Basement:
Unfinished Basement
Owner / Agent:
Wholesale
Property Features:
No Property Features Listed.
Contact Info
Helping Our People Evolve LLC
(219) 758-1553

View on Individual's Website
Property Description:

2585-2587 W 11th Ave, Gary, IN 46404

·         14-unit Apartment Building (6 1-bedroom units and 8 2-bedroom units)

·         14,500 SqFt

·         ARV: $1.16M (Calculated using the rule of 100 x monthly revenue - 15% vacancy) at $800/month for 1-bedrooms + $1,100/month for 2-bedrooms (rents could easily be higher, but I wanted to be on the safe side)

·         Yearly Taxes: $1,127.94

·         This property will require a full rehab.

·         Estimated Rehab: $730k (Quoted by Sims Remodeling Solutions: They are available for this project if GC is needed)

·         Asking: $95k

·         Pictures: dropbox.com/sh/kgwq6ejyu7qrzij/AAAADJaRvb-MoUc6fxBGpnc3a?dl=0

 



Legal Disclaimer:
This is a Wholesale Deal. The investor is not selling the property for the seller. The investor is a principal party in a valid and assignable purchase agreement which allows the investor to purchase the subject property from the seller. This purchase agreement is being offered for sale for an assignment fee to a 3rd party granting that party the opportunity to execute the purchase agreement to buy this home. The investor has the right to market the property, list the property on the MLS (Multiple Listing Service) and advertise the property on any online or offline marketing source as investor choses in order to find a prospective buyer to assign this contract to for an assignment fee. Northwest Indiana Creative Investors Association is not responsible nor will be held liable for the property or the information listed here.

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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Northwest Indiana Creative Investors Association
9800 Connecticut Dr
Crown Point, IN 46307
(219) 313-1565

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