Rental With Current Tenant Earning $950 per Month

Lake County, Gary, IN, 46408
Sold
Listed at: February 17th, 2020
Price
$36,900
ARV
$75,000
Gross Margin
$38,100
Sq. Footage
2000
Type
Attached
Parking
Detached Garage
Year build
1950
Lot size
0.17 acres
Bedrooms
3
Bathrooms
1.0
Half Bathrooms
0
Summary

Charming 3 bedroom 1.5 bath home. Great Buy and Hold property with a current tenant wanting to sign another lease. Home features a formal dining room and living room. There is a recreational room attached to the home with a separate heater and open to the kitchen area. Finished basement with a half bath and additional recreation room as well as a separate room for an office or workout area. Detached 2.5 car garage. Newer windows, newer furnace & newer hot water heater.


  • SQFT: 2000 – Probably includes a finished basement
  • BUILT-IN: 1950
  • OCCUPANCY: Renter Occupied
  • BASEMENT: Finished basement 
  • ROOF: 2 years old
  • PLUMBING: Plumbing was completely updated throughout the home in 2010
  • ELECTRIC: Electric box and some wiring was replaced in 210
  • TYPES OF REPAIRS NEEDED: Furnace was replaced a year ago. The garage roof needs to be replaced at some point. Received a quote already for a 2k repair job. 
  • KITCHEN: In decent shape. Tile flooring Formica countertops and fake wood cabs. Basic backsplash in the kitchen
  • FLOORING: Original hardwood floors with some carpet on top in bedrooms and living room, and dining room. laminate flooring 
  • BATHROOMS: Tile in bathrooms


This should be a good rental Bringing in $950 a month and tenant the current would like to resign after April.

Street View
Location
current deal
comparables
#2
available
$123k
sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
Contact

Nick Perry

No reviews

Disposition manager