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$ 197,900
Est. payment /mo
Price Dropped by $2K
2228 Washington ST Gary, IN 46407
4 Beds
2 Baths
6,055 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 6,055 sqft
Price per Sqft $32
Subdivision C T L & L Co Add 06
MLS Listing ID 840398
Bedrooms 4
Full Baths 2
Year Built 1908
Annual Tax Amount $1,126
Tax Year 2024
Lot Size 6,054 Sqft
Acres 0.139
Property Sub-Type Duplex
Property Description
Be a part of Gary's Comeback with this Turnkey Cash-Flowing Brick Duplex in the Heart of Gary's Revitalization Don't miss this opportunity to own a fully occupied, income-producing from day one brick duplex in one of Gary's most exciting investment corridors. Whether you're looking to expand your portfolio or purchase your first multifamily property, this investment offers immediate rental income from day one. Both units are currently occupied, with one tenant on a month-to-month lease providing future flexibility, while the second unit is leased through February 2027, offering stable, predictable cash flow. This property has been professionally managed and maintained, and the current property management company is available to continue management for a smooth, turnkey transition if desired. Location is everything, and this property is ideally situated in the heart of Gary's ongoing revitalization. With continued public and private investment throughout the area, you're not just purchasing a duplex, you're investing in a community experiencing meaningful redevelopment and renewed momentum. Enjoy strong rental demand today while positioning yourself to benefit from the area's long-term potential. The total rent right now is 1760 (which we know in today's market is on the low side) so rent both units and cash flow from day one or live in one unit and let the other tenant help you pay your mortgage down. Solid brick construction, immediate income, professional management, and an exceptional location make this a rare opportunity for investors seeking both cash flow and future upside. Schedule your showing today and secure your place in Gary's next chapter before this opportunity is gone.
Location
State IN
County Lake
Interior
Interior Features Granite Counters, High Ceilings
Heating Central
Fireplace N
Appliance Range Hood
Exterior
View Y/N true
View true
Building
Lot Description Back Yard, Rectangular Lot, Front Yard
Story Two
Others
Tax ID 450816235028000004
SqFt Source Assessor
Acceptable Financing NRA20260608190617723837000000
Listing Terms NRA20260608190617723837000000
Pets Allowed Breed Restrictions
Listed by Listing Leaders Affiliated • Rebecca Olson