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815 W 25th Avenue, Gary, IN 46407

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Listing Type
Condo/Townhome
Listing Status
Active
10
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$94,000

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Home Details for 815 W 25th Avenue
Price
$94,000
Type
Condo/Townhome
Bedrooms
3
Total Bathrooms
1
Full Bathrooms
1
Year Build
1945
Sq. Ft.
636
Lot Size
0.058
County
Lake
Total Rooms
5
Basement
Unfinished
Tax
$1,520
MLS®️ Listing#
824395
On exitrealty.com
159 days
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!
Property Features
Listing Courtesy: Weichert, Realtors-Moke Agency - 219-662-3000. Presented by: Dennis Nichols
mls_icon Based on information submitted to the MLS GRID as of 2025-12-17 16:02:08. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Last Updated: 2025-12-17 16:02:08
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Market statistics compiled from data from Greater Northwest Indiana Association of Realtors.
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EXIT STRATEGY REALTY
833 Lincoln Highway #410 E-5, Schererville, IN 43675
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$94,000

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EXIT STRATEGY REALTY
833 Lincoln Highway #410 E-5, Schererville, IN 43675
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