We Buy Houses

3631 Harrison St, Gary, IN 46408 ·         5 Bed – 2 Bath – 1,920sf – Year Built: 1949 ·         ARV: $214k ·         Fair Market Rent: $1,633/month ·         Estimated Rehab: Minor (property is currently occupied by tenants) ·         Yearly Taxes: $519 ·         Entry Fee: $50k (includes assignment fee + closing costs) ·         VA loan of $96k with a 5.6% rate will be staying in place. Monthly payments on the loan are $701/month. Tenants are currently paying $1,300/month. ·         Nice brick Bi-level home, minutes away from Indiana University and Gleason Golf Course, the roof is less than 1 year old, new hot water tank, all plumbing and piping redone in the kitchen, newer windows, freshly painted interior. New control panel and abductor motor blower for the furnace. Main level equipped with 2 bedrooms and a full bath, upper level greets you with 3 generous size bedrooms, updated, remodeled full bathroom. Basement is unfinished. Some trimming and vent covers needed. ·         Pictures: https://www.dropbox.com/scl/fo/8urytqw0q0j5ey61b5tyw/ADUN40usAmLhE4lQ8nvUp0E?rlkey=wgyplzxxbmkbxpbr7mmv5hqz1&st=2o8bziad&dl=0          Comps:                                              4270 Harrison St                                   5 Bed – 2 Bath – 1,848sf                                   Sold for $231k on 4/19/2024                                   4342 Lincoln St                                   4 Bed – 3 Bath – 2,163sf                                   Sold for $229,700 on 7/26/2024                                   3684 Adams St                                   4 Bed – 2 Bath – 1,674sf                                   Sold for $175k on 4/30/2024                                     3774 Jackson St                                   5 Bed – 3 Bath – 1,959                                   Sold for $195k on 5/2/2024