Excellent investment opportunity in Merrillville! 4-unit multifamily property features four approximately 680 sq. ft., 1 bed / 1bath units, with individual mechanicals including central air (tenants pay electric, gas) and in-unit laundry hookups. Current rents below market: two units at 880/month, one vacant unit previously rented for 925/month (new tenant lined up), and one long-term tenant paying 700/month. Newer items include gutter system, replacement of sewer pipe and installation of cleanout in front yard, HVAC in Unit 3. Great upside and location.
Basic Details
Property Type : Residential Income
Listing Type : For Sale
Listing ID : NRA842081
Price : $399,900
Bedrooms : 4
Rooms : 12
Bathrooms : 4
Half Bathrooms : 0
Year Built : 1966
Lot Area : 16,466 Sqft
Status : Active
Acres : 0.378
Property Subtype 1 : Quadruplex
Status : Active
Features
Heating System : Individual Unit
Pet Policy : No
Parking : Off Street
Interior Features : Other, Pantry
Appliances
Appliances : Refrigerator, Gas Range
Address Map
Country : US
State : IN
County : Lake
City : Merrillville
Street : 73rd
Street Number : 126
Street Suffix : Avenue
Postal Code : 46410
Floor Number : 0
Longitude : W88° 40' 7.4''
Latitude : N41° 29' 9.4''
Directions : Broadway to 73rd, east to property (on north side of street)