12/14/2023: Holiday Party
NICIA Menu

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
2585 W 11th Ave (Image - 1)
2585 W 11th Ave (Image - 2)
2585 W 11th Ave (Image - 3)

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:
14-unit building3 Stories: on the top floor there are 6-1 bedroom units; on the second floor there are 4-2 bedroom units; on the first floor there are 4-2 bedroom units ARV: $850k (Calculated using the rule of 100 x monthly revenue - 15% vacancy) at $600/month for 1-bedrooms + $800/month for 2-bedrooms (rents could easily be higher, but I wanted to be on the safe side) Estimated Rehab: $450k (Quoted by GC Edwin Sims, he is 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 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 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.

This Website Uses Cookies

This website uses cookies to improve user experience. By using our website you consent to all cookies in accordance with our Cookie Policy.

www.NICIA.org  (Northwest Indiana Creative Investors Association) does not give legal, tax, economic, or investment advice. NICIA disclaims all liability for the action or inaction taken or not taken as a result of communications from or to its members, officers, directors, employees and contractors. Each person should consult their own counsel, accountant and other advisors as to legal, tax, economic, investment, and related matters concerning Real Estate and other investments.   Poster may be selling their equitable interest in said property(s).

Your email will never be shared or sold to other members, vendors or any other third party without your consent.

Contact Us:

Northwest Indiana Creative Investors Association

9800 Connecticut Dr
Crown Point, IN 46307
(219) 313-1565

An Independent REIA Powered by:

Follow Us

  • Copyright 2023 © Northwest Indiana Creative Investors Association  All rights reserved. | This REIA Website is powered by: Real Estate Promo