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4716 Alexander Ave, East Chicago, IN 46312, USA
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Don't miss this exceptional investment opportunity in East Chicago, Indiana now available at a reduced price!
We present a fantastic 4 unit quadplex, each unit boasting 2 bedrooms and 1 bath, providing potential gross rents of $3,700 per month at full occupancy. What's more, the units are currently 100% vacant, offering immediate access for updates. With tenants responsible for all utilities, except water and sewer, you can capitalize on higher returns. The pro forma cap rate of 32.41% ensures a highly attractive investment.
All of this can be yours for an unbeatable price of $105,000. Act now and secure your future with this lucrative property!
Square Footage: 630 sq ft
Annual Tax: $806
Occupancy: 100% Vacant
Year Built: 1919
Utilities: Tenants pay for all utilities except for water and sewer.
Management: Currently self-managed, but excellent local property management company ready to step in and manage this one for the next owner.
Actual CAP: 0.00% (Due to vacancies)
Pro Forma CAP: 32.41% (5% Vacancy, Taxes, Insurance, Water, Sewer, and 10% Prop Management included in Pro Forma Cap and Actuals)
Price:$115,000 (Cash, Hard Money, or Private Money)
Due Diligence: While we do our best to get all the relevant information to you, buyers are encouraged to do their own due diligence.
VIDEO WALKTHROUGH LINK- https://www.youtube.com/watch?v=VQb4sTVKkuA
Direct to the contract holder on all properties single family and multi family properties nationwide. Buyers will need to sign a NCND Agreement with a 3% marketing fee paid at closing. No Low Ball Offers will be accepted. Properties have already been discounted by the Sellers. If you want to view any property contact me. (202) 743-1888.