Excellent investment opportunity in Merrillville! 4-unit multifamily property features four approximately 680 sq. ft., 1 bed / 1bath units, with individual mechanicals including central air (tenants pay electric, gas) and in-unit laundry hookups. Current rents below market: two units at 880/month, one vacant unit previously rented for 925/month (new tenant lined up), and one long-term tenant paying 700/month. Newer items include gutter system, replacement of sewer pipe and installation of cleanout in front yard, HVAC in Unit 3. Great upside and location.
— the listing agent’s description
The home
4 beds
4 baths
Built in 1966
Lot 50 x 185
Two to Four Units
What it’ll cost
$7,325 taxes / yr
No HOA
8 days on dwello
Estimated monthly payment
$2,853/mo
Principal & interest$2,126
Property taxes$610
Homeowners insurance$117
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