D
Seller's Agent in 2022
David Delano
Campbell Realty
(219) 484-9746
13 in this area
151 Total Sales
5 Waltham St Hammond, IN 46320
6
Beds
12
Baths
6,132
Sq Ft
7,449
Sq Ft Lot
Highlights
- Wood Flooring
- Home Security System
- Outdoor Storage
- 6 Car Detached Garage
About This Home
As of February 2022CASHFLOW! RARE opportunity to own all brick 12 unit comprised of 6-1 bedroom units & 6 studios. FULLY RENTED. Numerous big ticket repairs completed in recent years include: NEW roof w/tearoff on whole building & garage, rear deck partial replacement & new railings w/city inspection, 2 newer 75 gallon water heaters, ALL NEW water supply lines (hot & cold) PLUS all drain pipe, updated electric in building, refinished hardwood floors in all 12 units, & ALL 12 units had kitchens & bathrooms completely remodeled w/cabinetry, appliances, granite counters (1 bedroom units), & drywall ceilings all replaced. Carport/garage can hold 6 cars, plus additional gravel parking in rear. Newer infrastructure, 12 almost always occupied units, central location close to state line/parks/schools etc, AND NET ANNUAL INCOME NEAR $65,000! An outstanding cap rate for investors. Having everything under 1 roof will help to streamline the maintenance & management!
Last Agent to Sell the Property
Campbell Realty License #RB17001892 Listed on: 12/01/2021
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1927
Lot Details
- 7,449 Sq Ft Lot
- Lot Dimensions are 62x120
Parking
- 6 Car Detached Garage
Home Design
- Brick Foundation
Interior Spaces
- 6,132 Sq Ft Home
- Elevator
- Home Security System
- Basement
Flooring
- Wood
- Linoleum
Bedrooms and Bathrooms
- 6 Bedrooms
- 12 Full Bathrooms
Outdoor Features
- Outdoor Storage
Listing and Financial Details
- Total Actual Rent $89,280
- Tenant pays for electricity
- The owner pays for gas, water
- Assessor Parcel Number 450601151012000023
Community Details
Overview
- 12 Units
- Homewood Add Subdivision
Building Details
- Insurance Expense $4,846
- Trash Expense $841
- Water Sewer Expense $175
- New Taxes Expense $6,560
- Gross Income $749
- Net Operating Income $65,265
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/04/2022 02/04/22 | Sold | $740,000 | 0.0% | $121 / Sq Ft |
| 01/05/2022 01/05/22 | Pending | -- | -- | -- |
| 12/01/2021 12/01/21 | For Sale | $740,000 | -- | $121 / Sq Ft |
Source: Northwest Indiana Association of REALTORS®
Tax History Compared to Growth
Agents Affiliated with this Home
-
David Delano
-
Melissa Hickey
Buyer's Agent in 2022
Melissa Hickey
RE/MAX
(219) 670-6562
3 in this area
43 Total Sales
Map
Source: Northwest Indiana Association of REALTORS®
MLS Number: 504882
APN: 45-06-01-151-012.000-023
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