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1412 Connecticut St
Gary, IN 46407
Multifamily Property For Sale
·
6 Units
Investment Highlights
- 8.38% in-place cap rate paired with 16.6% cash-on-cash return
- Value-add options via free-market rent bumps or Housing Choice Voucher program
- On-site coin operated washer and dryer
- Lake County favorable landlord laws
Property Facts
| No. Units | 6 | Lot Size | 0.09 AC |
| Property Type | Multifamily | Building Size | 4,200 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1929 |
| Building Class | C |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.09 AC |
| Building Size | 4,200 SF |
| No. Stories | 2 |
| Year Built | 1929 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | - | - |
| 1+1 | 4 | - | - |
| 2+1 | 1 | - | - |
Property Taxes
| Parcel Number | 45-08-10-156-010.000-004 | Improvements Assessment | $235,000 |
| Land Assessment | $8,000 | Total Assessment | $243,000 |
Property Taxes
Parcel Number
45-08-10-156-010.000-004
Land Assessment
$8,000
Improvements Assessment
$235,000
Total Assessment
$243,000
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