Lake County, East Chicago, IN 46312

This one is a 100% Occupied brick quadplex, operating currently at a 12.03% cap on actual in-place income. No rehab required. Separately metered for electric and tenants pay. Owner is paying for water/sewer currently. Roof is 11 years old. East Chicago sits in Lake County, minutes from the Cleveland-Cliffs Indiana Harbor Works and quick access to I-90/I-94. Vacancy in this metro runs under 5%. This is an assignment. Once it's gone, it's gone. MARKET VALUE: $250,000 (27% below market) ACTUAL NOI: $21,826/yr CURRENT RENT: $2,560/mo ($30,720/yr) ACTUAL CAP RATE: 12.03% OCCUPANCY: 100% PROPERTY DETAILS - 4 units | Two 3bed/1bath + two 2bed/1bath - All-brick construction, lower long-term cap-ex vs. frame - 4,788 sq ft | Built 1906 - Roof: pitched asphalt shingle, replaced approx. 2015 - Separately metered electric, tenant-paid - Owner pays water/sewer and trash - Taxes $2,086/yr | Insurance $1,000/yr WHY IT WORKS Below-market in-place rents leave upside on top of a 12%+ actual yield. All-brick building keeps maintenance tight. East Chicago sits in Lake County, minutes from Cleveland-Cliffs Indiana Harbor Works with quick access to I-90/I-94. Metro vacancy runs under 5%. TERMS: Cash / Hard Money / Private Money. Fast close. Sold as-is. $5,000 EMD required. This is an assignment. First qualified buyer with proof of funds moves to the front. Call/Text: [contact details hidden] Email: [contact details hidden]