645 W 39th Ave, Gary, IN 46408

Single Family / 3 Bedroom(s) / 2 Bath(s)

Property Status:  For Sale | $50,000.00


Property Photos


This Property is a !!!Goldmine!!!


Property Status:
This Property is currently...
  • Status:  For Sale | $50,000.00
Property Details:
Single Family / 3 BR / 2 BA
Property Style:
2-Story
Finished Sq Ft:
1,577
Garage:
2 Car Detached
Basement:
Unfinished Basement
Owner / Agent:
Individual Owner
Property Features:
No Property Features Listed.
Contact Info
YEP REALTY LLC
(219) 378-6433

View on Individual's Website
Property Description:

Description: This Property is a !!!Goldmine!!! This was a fire damage but has been completely restored everything is all new and its already been gutted and reframed even the foundation has been repaired. To many amenities to name! this property is ready to finish and LIST in 30 days!

*ARV: $151,000 (Comes with Pre appraisal paperwork)

*Taxes: $1,057.00/Annually

Estimated Repairs:        $55,440                        (based on 70% of total repair @ $25sqft-$30sqft)

2019 Taxes:                  $900.00

*Total Investment:       $105,560.00

Neighborhood ARV:     $125,000-$199,000

Realtor Fee:                  $9,600  (6% of sell price)

Potential Profit:             ($55,560  /  33% Profit Potential)

 

 

Comps:

Renovated:

649 W 39th Ave                     3bd*1 Bath                 *1.617sq (Redo) Sold $172,000*03/20/23           

4346 Massachusetts St           3bd*1 Bath                 *2,468sq (Redo) Sold $125,000*04/29/24.

4456 Washington St               4bd*2 Bath                 *1,756sq (Redo) Sold $158,500*12/27/23.

4363 Washington St               4bd*2 Bath                 *1,723sq (Redo) Sold $199,000*07/28/23.

 

 

Not Renovated:

 

225 E 43rd AVE                       3bd*2Bath                  *2,468sq            Sold $27,500*03/28/24.

4373 Pennsylvania St             4bd*2 Bath                 *2302sq             Sold $27,500*03/26/24

4363 Washington St               3bd*2 Bath                 *2360sq             Sold $27,500*03/28/24.



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