🔥 Cash-Flowing Triplex – 1333 Van Buren St, Gary, IN 46407 – Just $75K! 🔥
🏡 Turnkey Income Property with Huge Upside! 🏡
This triplex is the perfect investment opportunity with one unit already generating income and major updates already taken care of! The roof and windows were replaced just 4 years ago, saving you on major capital expenses.
🔹 Price: $75,000
🔹 Unit Breakdown:
- 1 x 3-bed, 1-bath unit (Occupied – $1,300/mo, Month-to-Month Lease)
- 2 x 2-bed, 1-bath units (Vacant – Ready for remodel)
🔹 Recent Updates: Roof & Windows (4 years ago)
💰 The Numbers Make Sense! 💰
✔ Projected Future Rents (Post Remodel):
- 3-Bed Unit: $1,300/month
- 2-Bed Units: $900/month each
✔ Total Future Monthly Rent: $3,100
✔ Total Annual Gross Rent: $37,200
✔ Estimated Net Operating Income (NOI): $22,320
✔ Cap Rate After $60K Cosmetic Remodel: 16.5%
🔥 Why This is a Smart Buy:
✅ Strong Cash Flow – At full occupancy, this property will generate $3,100/month in rental income.
✅ Solid Cap Rate – Projected at 16.5%, offering excellent returns.
✅ Major Updates Done – Roof and windows already replaced, leaving just cosmetic upgrades!
✅ Value-Add Opportunity – Renovate the vacant units, increase cash flow, and refinance for long-term wealth.
📞 This deal won’t last! Contact us today for details or to schedule a viewing.
📲 Call/Text (312) 600-3380 NOW!
🚀 Invest in Gary’s rising rental market & secure long-term passive income! 🚀