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Archived over 1 year ago

$24,000

5+ bd 3 ba 1428 sqft

2512 Adams St, Gary, IN 46407

Residential Duplex Off MLS

Current Rent **

N/A

Projected Rent **

$2,100

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Unit 1 Details
  • Current Rent:
  • Bedroom: 3 bd
  • Bathroom: 2 ba
  • Square Footage: 1428 sqft
  • Occupied: No
  • Needs Repairs: No
  • Off MLS: Yes
Unit 2 Details
  • Current Rent:
  • Bedroom: 2 bd
  • Bathroom: 1 ba
  • Square Footage: 0 sqft
  • Occupied: No
  • Needs Repairs: No
  • Off MLS: Yes

Collect $2,100 /month OR MORE on this 2 Unit Duplex in Gary, Indiana!

Are you looking for a lucrative investment opportunity? Look no further than this duplex!

With one 3 bedroom-2 bath unit and one cozy 2 bedroom-1 bath unit, this property has the potential to generate significant passive income. Currently vacant with the downstairs partially renovated, you can make this duplex your own and attract high-quality tenants. Plus, the owner pays for water-sewer while tenants cover the other utilities, making your expenses more manageable.

And with a price that is $50,000 below comparable properties, you can't beat this deal. After a simple rehab, the cap rate could reach 77.95% with a projected NOI of $18,707 annually.

Don't miss out on this unbeatable investment opportunity!

Important Disclosures: Five Stream Ventures, LLC. is not an appraiser or a general contractor and does not claim to be one. Buyer is to do their own independent due diligence. All properties are sold as is, where is, with no warranties or representations expressed or implied. Five Stream Ventures, LLC. is a real estate investment firm and does not claim to be licensed real estate agents or brokers.

Location:

2512 Adams St, Gary, IN 46407

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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.