$114,500 625-5 Unit Sibley Street Hammond, IN

MLS: 458596   Type: Multi-Family   County: Lake   City: Hammond   Neighborhood: Louis E Hohmans Add   Zip: 46320   Style: Income Property  

Mortgage $538 /mo



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Sqr Footage

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INVESTORS! Priced to sell = do the math youll see the cost per door is not only set to immediately cash flow but there is room for rent increases if wanted but no need at this pricing since (conservatively speaking even) was pulling 15-17% ROI cap rate at the 162,500 original MV but seller wants it gone... ASK AN AGENT for details and the online available INCOME & EXPENSES available online. Serious CASH buyers only and all on site inspections will take place ONLY once terms are agreed with access to ALL units at one time after acceptance. (a FULL 4/8/19 photo tour is online of the ENTIRE building as well as basement, the 4 occupied Units as well as the reno needed basement units (was 2 but city will only allow 1 more) CASH SALES AND DEEPLY DISCOUNTED FOR AS IS. P&L includes ALL units being professionally Managed & Maintained locally by owner. SELLERS LAST UNIT LEFT. Full proration on close and transfer of all deposits. ASK AGENT ABOUT OFFER/BIDDING PROCESS. PHOTO TOUR ONLINE TO VIEW

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Price History

7/11/2019 Listed $129,500
10/7/2019 4% - $125,000
10/14/2019 2% - $122,500
10/21/2019 3% - $119,750
10/31/2019 2% - $117,500
11/6/2019 3% - $114,500

Property SubType Income Property
Property Type Multi Unit/Income
Subdivision Name Louis E Hohmans Add
Transaction Type Sale
Year Built 1921

Interior Features

Basement Yes
Half Baths 0
Living Area 2608.00
Total Bedrooms 9

Exterior Features

Garage Spaces 0.0
Lot Size Square Feet 5663.00
Municipal Water Yes
Septic No
Sewer Yes
Well No

Property Schools

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Gallery (34 photos)

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Property vs Zip Code Avg (46320)

Price 114K Avg 129K

Sqr Feet 2,608 Avg 2,163

Cost / Sqr Ft $44 Avg $60

Acres 0.130005 Avg 0.12

Visits 29 Avg 37

Days on Site 152 Avg 138

Walkscore® 70 Avg 56

Data Provided by Walkscore ® not using MLS data

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Listing Provided Courtesy Of: John Schupp with SCHUPP Real Estate

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Location & Address

Realty Executives Premier
310 E Lincolnway
Valparaiso, IN

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