1. Indiana
  2. Gary
  3. 815 W 25th Avenue
$97,500/mo

815 W 25th Avenue, Gary, IN 46407

  • 3 beds |
  • 1 bath
  • Property Icon Rental
  • Property Year Built Icon Built in 1945
  • Property Lot Size Icon2,526sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 12 days ago

Property Description

Turnkey Rental Property. 9.3 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 9.3 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!

Listing Status:
Active
Listing Office:
Weichert, Realtors-Moke Agency : (219) 662-3000
Listing Agent:
Dennis Nichols :
MLS ID:
824395
  • General: None
  • Appliances: None
  • Laundry: Lower Level
  • Basement: Unfinished
  • Heating: Forced AirNatural Gas

This listing courtesy of Dennis Nichols, Weichert, Realtors-Moke Agency

Location

Schools Nearby

B

Beveridge Elementary School

1234 Cleveland St, Gary, IN, 46404

Grades KG-5

1.45 miles away

G

Gary Career Center

1800 E 35th Ave, Gary, IN, 46409

Grades KG-12

2.04 miles away

G

Gary Career Center

1800 E 35th Ave, Gary, IN, 46409

Grades KG-12

2.04 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.