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$ 499,000
Est. payment /mo
Price Dropped by $21K
816 Pennsylvania ST Gary, IN 46402
7,221 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 7,221 sqft
Price per Sqft $69
Subdivision Gary Land Companys 01
MLS Listing ID 836606
Year Built 1922
Annual Tax Amount $2,634
Tax Year 2024
Lot Size 3,746 Sqft
Acres 0.086
Property Sub-Type Multi Family
Property Description
Turnkey investment opportunity in Gary, Indiana! This fully renovated 8-unit building is already 7 out of 8 units rented, offering immediate and reliable income with minimal lease-up needed. The property features a desirable mix of one-, two-, and three-bedroom units, appealing to a wide range of tenants. The photos provided showcase the property post-rehab, prior to the current tenants moving in--highlighting the quality of renovations and thoughtful updates throughout. Modern improvements blend seamlessly with original character details, including charming built-ins and classic woodwork. Ideally located with convenient access to IN-53, I-65, and I-80/94, this property is well-positioned for commuters and continued tenant demand. With strong occupancy and a growing rental market, this is a solid, income-producing addition to any portfolio. Schedule your showing today! Property sold AS IS.
Location
State IN
County Lake
Interior
Heating Forced Air
Fireplace N
Exterior
Exterior Feature Other
View Y/N true
View true
Others
Tax ID 450803357014000004
Acceptable Financing NRA20260218160426635486000000
Listing Terms NRA20260218160426635486000000
Listed by Property Boss • Kiyah Marshall