Property Description:
864 Fayette St, Gary, IN 46403
6 Bed, 3 Bath, 2652 SqFt (3 units)
ARV: $300k (based on rents, there are no sold triplex comps)
Fair Market Rent: 2 bed 1 Bath $1,100/month (HUD)
Estimated Rehab: $100k
Entry Fee: $30k (this price includes assignment fee + Closing Costs)
This is a seller finance deal. Buyer will have a remaining balance of $80k.
This property is a triplex with each floor being its own apartment and having its own kitchen and bathroom. Near New Remodeled Train Station in Miller Area. Close to Miller Beach. In a Community that is being Redeveloped. The roof, siding and windows were redone by the current owner over the past few years. The inside is dated and will need to be fully remodeled.
Pictures: dropbox.com/sh/kgydj14dyslme8k/AADBHs8aAP1_qASk4GGnsD6ya?dl=0