Income-Generating Property with Expansion Potential – Ideal for Rental!
Located at 1016 Drackert St, Hammond, IN 46320, this 2-bedroom, 1-bathroom home is a fantastic opportunity for real estate investors. Currently rented at $900/month with a lease through October 2024, this property is already generating steady cash flow. With a possible third bathroom addition in the rear of a closet, there’s significant value-add potential to boost future rental income or resale value.
This home features a full basement, providing extra space for tenants or additional storage. Recent updates include a 4-year-old roof and half the windows replaced in the last 4 years. The furnace, at 15 years old, is in solid working condition, and the hot water tank was replaced 8 years ago, ensuring minimal immediate repair needs.
With a tenant in place, this low-maintenance, income-generating property is a solid addition to any portfolio. Don’t miss out on the chance to invest in this well-maintained, cash-flowing asset with future upside potential!