Ignite FB Tracking Pixel3615 W 73rd Court, Merrillville, IN 46410 - Cathy Hicks
BHHS Executive Realty
Cathy Hicks, BHHS Executive RealtyPhone: (219) 306-7696
Email: [email protected]
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listing
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Residential IncomeFor Sale
$519,000
3615 W 73rd Court
Merrillville, IN 46410
Courtesy of Ellsbury Commercial Group LLC
MLS: Northwest Indiana REALTORS® Association Multiple Listing Service
10Beds
4Full4Half Baths
Est. Mortgage
$2,779/mo

Great Investment! This 4-unit townhouse package in the high demand town of Merrillville, IN is the investment opportunity you've been looking for. Each unit is occupied, and the current gross income is about $60,000 annually. Two townhomes have 3 large bedrooms, Two have 2 bedrooms, all have 1 and a half bathroom, and have been tastefully updated over the years. This property has been well maintained and cared for by professionals over the past several years, which is an ideal situation for post-acquisition. Tenants pay for their own gas, electric, water, while the landlord only pays for sewer and trash. Each townhome can be separately parceled out, which adds another interesting option for the future. This investment property currently sits at a true 7.7% cap rate, and projects to be a 10%+ cap rate after a few simple moves. Reach out for detailed data, and to schedule a viewing of the property now!

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Listing information © 2024 Northwest Indiana REALTORS® Association Multiple Listing Service. Listing courtesy of Ellsbury Commercial Group LLC
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