10 bedroom house for sale

Overview

Great Investment! This 4-unit townhouse package in the high demand town of Merrillville, IN is the investment opportunity you've been looking for. Each unit is occupied, and the current gross income is about $60, 000 annually. Two townhomes have 3 large bedrooms, Two have 2 bedrooms, all have 1 and a half bathroom, and have been tastefully updated over the years. This property has been well maintained and cared for by professionals over the past several years, which is an ideal situation for post-acquisition. Tenants pay for their own gas, electric, water, while the landlord only pays for sewer and trash. Each townhome can be separately parceled out, which adds another interesting option for the future. This investment property currently sits at a true 7.7% cap rate, and projects to be a 10%+ cap rate after a few simple moves. Reach out for detailed data, and to schedule a viewing of the property now!