815 W 25th AVE, Gary, IN 46407
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815 W 25th AVE, Gary, IN 46407
815 W 25th AVE, Gary, IN 46407
815 W 25th AVE, Gary, IN 46407
815 W 25th AVE, Gary, IN 46407
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Erin Booker | Ellis Booker | Andrew Austria

Erin Booker | Ellis Booker | Andrew Austria

+1(847) 418-7318
$ 89,000
Est. payment /mo
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Price Dropped by $5K

815 W 25th AVE Gary, IN 46407

3 Beds

1 Bath

2,526 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Square Footage 2,526 sqft

Price per Sqft $35

Subdivision Garfield Park Add

MLS Listing ID 824395

Bedrooms 3

Full Baths 1

Year Built 1945

Annual Tax Amount $1,520

Tax Year 2024

Lot Size 2,526 Sqft

Acres 0.058

Property Sub-Type Apartment

Property 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!

Location

State IN

County Lake

Interior

Interior Features None

Heating Forced Air, Natural Gas

Fireplace N

Appliance None

Exterior

Exterior Feature Rain Gutters

View Y/N true

View true

Building

Lot Description Rectangular Lot

Story One

Others

Tax ID 450816330006000004

SqFt Source Assessor

Acceptable Financing NRA20250717150957421011000000

Listing Terms NRA20250717150957421011000000

Pets Allowed Yes

Listed by Weichert, Realtors-Moke Agency • Dennis Nichols

NEARBY SCHOOLS & PROPERTIES

Erin Booker | Ellis Booker | Andrew Austria

Erin Booker | Ellis Booker | Andrew Austria

Real Estate Team | License ID: 475.192053

+1(847) 418-7318

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815 W 25th AVE