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Listed price in listed location currency (USD).
$89,000

312

MLS® 824395

  • Key Facts
  • Description
  • Map

Key Facts

Type Apartment
Levels Residential Income
Size 636 sqft
Garage No
Maintenance Fees 
Taxes $1,520
Days Active 153
Approx. Age 1945
Avg. Price Per Sqft $139
MLS® Number 824395

Property Address: 815 W 25th Ave, Gary, IN, 46407-3401

Average square foot calculated using Size range provided by listing agent.

Description

Turnkey Rental Property. 10.0 Cap Rate! Investor special! This 3-bedroom, 1-bath single-family home offers an excellent opportunity to build or expand your portfolio with a solid return. Currently occupied by a reliable long-term tenant on a month-to-month lease at 1, 000 per month, this property provides immediate income with a 10.0 cap rate at the current asking price. The home features a newer roof and windows, offering peace of mind and reduced maintenance costs. The tenant has been in place long term, offering stability with flexibility for future plans. Located in a strong rental market, this home is ideal for investors seeking cash flow now and value-add potential later. With 12, 000 in annual gross income and minimal vacancy risk, the numbers make sense from day one. The property is being sold As Is, with plenty of upside for future rent increases or improvements that could boost value and returns. Whether you're a seasoned investor or just getting started, this is a smart, cash-flowing asset ready to work for you immediately. Contact an agent today to schedule your private tour!
MLS® Number824395
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry LevelLower Level
Exposure
Exterior
GarageNo
Approx. Age1945
Stories
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Similar Listings

Price History

-End Date
Not Sold YetSold Price

For Sale

Jul 17, 2025List Date
$89,000List Price
  • Commute

Commute

Starting Address
Destination Address
815 W 25 Th Ave, Gary, IN

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