Multi Unit/income Sale

7701 Taft odd add. #s Street, Merrillville, Indiana 46410

Property Description

Each home on their each individual 2 or 2+ acre parcel ready to be sold separately but being sold as a whole.Addresses 7701,7703,7705,7707 Taft. Perfectly prime for development. Nearly 10 acres. The front portion along Taft St. is zoned (C2 ex: stripmall, office, retail): the back portion is zoned for Medium or possibly HIGH DENSITY (R5) which means potentially 120+ condo/retirement units/Multi-family ( and 5+ strip mall unit. Utilities are at the site. Also 3 homes that are fully occupied all on separate parcels ( with 2+ acres each) bring in over $2400 a month in rents. Collect rents while you develop – supported parcel. Projected value for new 2 bedroom condo units would range between 200k-230k each(take a look at Brookstone development just a few blocks to the North 120 condo units sold/selling at $120k+ avg. a piece!! over 10years ago) ex: 120x$120,000 = $14,000,000

Basic Details

Property Type : Multi Unit/income

Listing Type : Sale

Listing ID : 494067

Price : $590,000

Bedrooms : 7

Rooms : 0

Bathrooms : 4

Half Bathrooms : 0

Square Footage : 3,537 Sqft

Year Built : 1970

Lot Area : 428,630 Sqft

Acres : 9.8400

Property Subtype 1 : Income Property

Status : Active

Features

Basement

Parking : Detached

Garage # of Cars : 0.00

Septic : No

Municipal Water : Yes

Well : No

Municipal Sewer : 1

Water : 0

Address Map

Country : US

State : IN

County : Lake

City : Merrillville

Zipcode : 46410

Street : Taft odd add. #s

Street Number : 7701

Street Suffix : Street

Floor Number : 0

Longitude : E0° 0' 0''

Latitude : N0° 0' 0''

Directions : I-65 to US30 exit West to Taft N 3 blocks to 7707,7705,7703,7701 Taft on right or East side of Street.

Street Direction : W

Subdivision : None

MLS Addon

Office Name : Berkshire Hathaway HomeServices Executive Realty

Agent Name : Eric

APN/Key # : 451220201004000030

Zoning : Commercial, Residential

Financing : Cash,conventional

Listing Agent MLS ID : 4096

Listing Office MLS ID : 121

Property Disclaimer : All information herein has not been verified and is not guaranteed.

Annual Tax Amount : $0

HOA/POA-Annual Amt. : $0

HOA/POA-Monthly Amt. : $0

Multi Unit/income Sale

Listing ID : 494067
Bedrooms : 7
Bathrooms : 4
Square Footage : 3,537 Sqft

$590,000

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Agent info

Remax County Wide 1st

814 E LaSalle South Bend, IN 46617

Contact Agent