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6922 Columbia ave - 6922 Columbia, Hammond, Indiana 6 Unit Apartment Building Offered at $749,000 at a 7.40% Cap Rate Hammond, IN 46324
Executive Summary
Rare opportunity to own a well built, maintained, and cash flowing 6 unit apartment building in South Hammond. Very spacious units, 4 of them being one bed one bath, and 2 being 2 bed 1 bath. In addition to curb appeal, the 2025 NOI is over $50,000 and grosses over $73,000 annually, and a day 1 cap rate of 7.4% with upside. There have been several cap ex upgrades and remodels in the past 5 years. Ask an agent for the detailed information in the offering memorandum.
Property Facts Under Contract
| Price | $749,000 | Property Type | Multifamily |
| Price Per Unit | $124,833 | Building Size | 4,394 SF |
| Sale Type | Investment | No. Stories | 2 |
| Cap Rate | 7.40% | Year Built | 1970 |
| No. Units | 6 |
| Price | $749,000 |
| Price Per Unit | $124,833 |
| Sale Type | Investment |
| Cap Rate | 7.40% |
| No. Units | 6 |
| Property Type | Multifamily |
| Building Size | 4,394 SF |
| No. Stories | 2 |
| Year Built | 1970 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | - | - |
| 2+1 | 2 | - | - |
1 1
Property Taxes
| Parcel Number | 45-07-07-328-026.000-023 | Improvements Assessment | $196,000 |
| Land Assessment | $24,100 | Total Assessment | $220,100 |
Property Taxes
Parcel Number
45-07-07-328-026.000-023
Land Assessment
$24,100
Improvements Assessment
$196,000
Total Assessment
$220,100
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6922 Columbia ave - 6922 Columbia, Hammond, Indiana
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