Gary, IN 46407 815 W 25th Avenue

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Presented By: Dennis Nichols with Weichert, Realtors-Moke Agency - (219) 662-3000;
  • MLS# 824395
  • 07/16/2025
  • Get pre-approved
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  • Beds • 3
  • Baths • 1

Home Details

Turnkey Rental Property. 9.3 Cap Rate!Investor special! This 3-bedroom, 1-bath single-family home offers an excellent opportunity to build or expand your portfolio with a solid return. Currently occupied by a reliable long-term tenant on a month-to-month lease at 1,000 per month, this property provides immediate income with a 9.3 cap rate at the current asking price. The home features a newer roof and windows, offering peace of mind and reduced maintenance costs. The tenant has been in place long term, offering stability with flexibility for future plans. Located in a strong rental market, this home is ideal for investors seeking cash flow now and value-add potential later.With 12,000 in annual gross income and minimal vacancy risk, the numbers make sense from day one. The property is being sold As Is, with plenty of upside for future rent increases or improvements that could boost value and returns. Whether you're a seasoned investor or just getting started, this is a smart, cash-flowing asset ready to work for you immediately.Contact an agent today to schedule your private tour!
Presented By: Dennis Nichols with Weichert, Realtors-Moke Agency - (219) 662-3000;

Interior Features for 815 W 25th Avenue

Bedrooms

Total Bedrooms3

Bathrooms

3/4 Baths0
Half Baths
Total Baths1

Other Interior Features

LivingAreaSourceAssessor
Above Grade Finished Area636
Fireplace Y/NNo
Interior AmenitiesNone
Laundry FeaturesLower Level

General for 815 W 25th Avenue

AppliancesNone
CityGary
CountyLake
DirectionsBroadway to 25th Ave, west 25th Ave, property on the south side of street
Electric Expense
Full Baths1
Garage Y/NNo
Gross Income1200
HOANo
HeatingForced Air, Natural Gas
Insurance Expense1410
Lease Considered Y/NNo
Legal DescriptionGARFIELD PARK ADD. L.4 BL.3
LevelsOne
Listing TermsCash, Conventional
Lot Size Square Feet2526
Maintenance Expense
Net Operating Income9070
New ConstructionNo
OwnerPaysInsurance, Taxes, Repairs
Patio/Porch FeaturesFront Porch
Pets AllowedYes
Pool FeaturesNone
Property SubtypeApartment
Property TypeResidential Income
Rent IncludesNone
SewerPublic Sewer
Standard StatusActive
StatusActive
Subdivision NameGarfield Park Add
Tax Annual Amount1520
Tax Assessed Value56400
Tax Year2024
Taxes$1,520
Total Actual Rent12000
Total Rooms5
TownshipCalumet
Trash Expense0
UtilitiesElectricity Connected, Water Connected, Sewer Connected, Natural Gas Connected
Year Built1945

Exterior for 815 W 25th Avenue

Exterior AmenitiesRain Gutters
Lot FeaturesRectangular Lot
Lot Size Acres0.058
Lot Size SourceAssessor
Parking FeaturesOff Street
Total Parking2
Water SourcePublic
Waterfront Y/NNo

Additional Details

Price History

Vanessa Villarruel

Price $94,000
MLS#824395
List Date 07/16/2025
Property Type Multi-Family
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