If you like projects, this could be the one for you!
This isΒ duplexΒ withΒ two 2 bedroom/1 bathΒ units on a nice block in Gary, IN.Β Owner pays the water and sewer while theΒ tenantsΒ pay the gas and electric. For 2 bedroom units in the areaΒ average rent isΒ $934Β giving this property aΒ pro forma NOI of $16,099!
There is alsoΒ additional space in the basement that could be convertedΒ into another unit.
This is a chance to update the units,Β bring in professional managementΒ and get a nice cash flow!