$77,423
5067 Kentucky St #73, Gary, IN 46409
Current Rent **
$700
Projected Rent **
$2,418
Unit 1 Details
- Current Rent: $700
- Bedroom: 3 bd
- Bathroom: 1 ba
- Square Footage: 1900 sqft
- Occupied: Yes
- Needs Repairs: No
- Off MLS: Yes
Unit 2 Details
- Current Rent:
- Bedroom: 3 bd
- Bathroom: 1 ba
- Square Footage: 0 sqft
- Occupied: No
- Needs Repairs: No
- Off MLS: Yes
2 Unit Duplex in Gary, IN
Introducing an exceptional investment opportunity at 5067 Kentucky St, Gary, Indiana!
Each unit of this duplex features 3 bedrooms and 1 bathroom, a garage and each has central air. This is a savvy investor's dream. It is currently 50% occupied (tenant moving soon) and the other is economically vacant.
Current gross monthly income is $700 with potential gross monthly earnings of a whopping $2,418 when fully occupied, so this property promises substantial returns. All utilities are separately metered so tenants handle all costs, streamlining your landlord responsibilities.
While it may require a touch of rehab, the numbers speak for themselves - boasting a pro forma CAP rate of 29.36%. Don't miss this rare opportunity to own a prime piece of real estate in Gary, Indiana, priced at just $77,423.
Act now to secure your financial future!
Location:
5067 Kentucky St #73, Gary, IN 46409
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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.
** Current rent and projected rent are provided by the lister.
† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.
‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.
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