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Courtesy of Ellsbury Commercial Group LLC, Xever Lemieux, Listing Contact: (219) 384-7994

Sold

2650 164th Place

2650 164th Place, Hammond, IN 46323

$370,000

Position yourself for success with this amazing investment opportunity- a fully occupied four-unit property situated in the prime location of Hessville! All units have 1 bedroom and 1 bathroom which were remodeled in 2021. Additionally, Tuckpointing was done in 2021. Property currently sits at a 5.8% cap rate and projects to a 8%+ cap after rent stabilization. Tenants are responsible for electric and heat. Don't miss out on this great opportunity!

4
beds

4
baths

2,560 Sq.Ft. LIVING AREA

5,837.04 Sq.Ft. lot

Cirilo Favela

title Real Estate Broker | Founder
PHONE (219) 955-0100
EMAIL [email protected]
DRE # RB19000021

Features & Amenities

Interior

total bedrooms4
Total bathrooms4
full bathrooms4
Laundry room In Basement
APPLIANCES Built-In Gas Oven, Built-In Refrigerator, Built-In Gas Range
other interior Features See Remarks

Area & Lot

Status Sold
Date Sold May 13, 2024
Living Area2,560 Sq.Ft.
Lot Area5,837.04 Sq.Ft.
MLS® ID802875
TypeMulti-Family
YEAR BUILT1928
NeighborhoodHammond

Exterior

STORIES3
water SourcePublic
lot featuresCity Lot, Corner Lot
parkingOff Street, On Street
HEAT TYPECentral
sewerPublic Sewer
other exterior FeaturesBalcony, Rain Gutters

Financial

Sales Price$370,000
Real Estate Tax $8,512/yr

Work With Us

Ready to take the next step? Whether you're buying, selling, or just exploring your options, we're here to guide you every step of the way. Contact us today to get started!

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