Pending

$1,680,000

Favorite

beds

baths

2063 W 86th Avenue

Merrillville, Indiana 46410

Pending / MLS #802594 / Multiple Unit (2-4) / Merrillville

Listing information updated 4/30/2024 at 9:24am

Turnkey, updated, and stable investment opportunity! Built in 2003, these 4 fully occupied duplexes (8 total residential units) have been very well updated and maintained. The current annual gross rental income from all 8 units is $175,000. Each (half duplex) unit has 3 bedrooms, 2 bathrooms, an attached 2+ car garage, stainless steel appliances - including dishwasher and built in microwave, modern updates and layouts. Roofs, windows, and patio doors were replaced in 2022. Tenants pay the gas, electricity, and water utility bills. This is currently a very low maintenance, turnkey asset that has great upside and long-term benefits. It currently sits at a 6.2% cap rate, and projects to a 7+% cap after rent stabilization. Reach out to an agent for more detailed income and expense information, and for viewing times.

Full Features

Beds Above Grade:

Cooling System:

Central Air

Heating System:

Forced Air, Natural Gas

Appliances:

Dishwasher, Dryer, Free-Standing Gas Range, Microwave, Refrigerator, Washer

Pool:

Age:

21 Years

Roof Type:

Asphalt,Shingle

Parking Type:

Driveway,Paved

Parking Spaces:

2.5

Garage:

Driveway,Paved

Square Feet:

N/A

Lot Size:

11325.6

Acreage:

0.26

Taxes & Assessments

Tax Amount:

$28,403

Tax Year:

2023

Location

Zip Code:

46410

City:

Merrillville

County:

Lake

Schools

School District(s):

Merrillville

Elementary School:

N/A

Middle School:

N/A

High School:

N/A

Listing Office: Ellsbury Commercial Group LLC

Listing Office Phone: 219.200.5133

Disclaimer: The data relating to real estate for sale on this website comes courtesy of NIRA as distributed by MLS GRID. Real estate listings held by brokerage firms other than @properties are marked with the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 4/30/2024 at 9:24am. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Merrillville, IN

Welcome to Merrillville, where the community is friendly, the parks are plentiful, and there’s always something to do. Merrillville is situated along the Erie Lackawanna Trail – a path that connects Crown Point and Hammond and travels through several communities and downtown districts. The paved...

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$226,122

Average Sale Price

Average Days On The Market

97%

Sales Prices VS. List Price

Data represents the community area’s average over the past 12 months. All information deemed reliable, but not guaranteed.

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2063 W 86th Avenue is a multiple unit (2-4) which sold for $1,680,000. 2063 W 86th Avenue features 24 Beds, 16 Baths. This multiple unit (2-4) has been listed on @properties since April 23rd, 2024 and was built in 2003.