Description
5 Available Units in Six Unit Building for Rent in Munster IN. Clean, Ground level building located one block east of Calumet Ave behind Target. Plenty of parking. The upside is a well above market cap opportunity in a great building with no deferred maintenance. NOI Pro Forma $108,000 provides a 12 CAP in a 5 to 7 CAP market. 7 CAP results in value of over 1.5mm.Owners recently finished interior remodel and have leased up to tow spaces. In the process of filling out additional spaces. Interior walls can be moved, so building currently represents an income play opportunity for owner occupants. Each unit is separately metered and has at least one bathroom, furnace, and air conditioning. Good roof and parking lot. 50 parking spaces.
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0BEDS
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0.8ACRES
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0BATHS
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01/2 BATHS
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6,500SQFT
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$0$/SQFT
School Ratings & Info
Description
5 Available Units in Six Unit Building for Rent in Munster IN. Clean, Ground level building located one block east of Calumet Ave behind Target. Plenty of parking. The upside is a well above market cap opportunity in a great building with no deferred maintenance. NOI Pro Forma $108,000 provides a 12 CAP in a 5 to 7 CAP market. 7 CAP results in value of over 1.5mm.Owners recently finished interior remodel and have leased up to tow spaces. In the process of filling out additional spaces. Interior walls can be moved, so building currently represents an income play opportunity for owner occupants. Each unit is separately metered and has at least one bathroom, furnace, and air conditioning. Good roof and parking lot. 50 parking spaces.
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