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30038879
30038880

2059 Williams Street, Gary, IN 46404

McColly Real Estate Crown Point
Listed by McColly Real Estate Crown Point
$610,000
98 days on market
Updated 97 days ago

2059 Williams Street

Details
APN 450807356020000004
Property Type Multifamily
Sub Type Single Family Rental Portfolio
Square Footage 5
Units 6
Cap Rate 8.64%
NOI $52,720
Occupancy 100%
Pro-Forma Cap Rate 14.74%
Pro-Forma NOI $89,920
Class B
Year Built 1955
Acreage 0.115
Parking Spaces per unit
Investment Type Value Add

Well Kept Updated SFH Portfolio

Marketing description

Exceptional investment opportunity! This single-family home portfolio includes six well-maintained residences with strong long-term upside potential. All properties have been consistently cared for, featuring new roofs, newer furnaces, and various interior and mechanical updates, minimizing immediate capital expenses. Current rents are significantly below market value, offering a prime opportunity for investors to increase cash flow through strategic rent adjustments. Ideal for both seasoned investors looking to expand their portfolio and those seeking a stable, value-add opportunity with built-in equity growth. Turnkey condition with major improvements already completed--add value, increase income, and maximize returns from day one..

Investment highlights

Due to the condition of property and the current rents in area rents for each unit can increase by alomost $400 to $500 monthly.

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Listing Contacts

McColly Real Estate Crown Point
Listed by McColly Real Estate Crown Point

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$52,720.00
$4,393.33/mo

Valuation Metrics

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DSCR
8.64%
Cap Rate
8.64%
ROI

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