5 Waltham Street, Hammond, IN 46320
$740,000
Property Type:
Residential Income
Bedrooms:
6
Square Footage:
6,132
Lot Size (sq. ft.):
7,449
Status:
Closed
Current Price:
$740,000
List Date:
12/01/2021
Last Modified:
2/22/2024
Overview
Description
Listing Details MLS# 504882
General Property Information
- Number Of Units Total
- 12
- Bedrooms Total
- 6
- Bathrooms Full
- 12
- Rooms Total
- 24
- Living Area
- 6132
- Living Area Source
- Assessor
- Year Built
- 1927
- Garage YN
- Yes
- Garage Spaces
- 6
- Parking Total
- 12
- Lot Size Acres
- 0.171
- Lot Size Square Feet
- 7449
- Lot Size Dimensions
- 62x120
- Basement YN
- Yes
- Bathrooms Half
- 0
- Bathrooms Three Quarter
- 0
- Carport Spaces
- 0
Property Features
Construction Materials:
Brick
Exterior Features:
Storage
Flooring:
Hardwood; Linoleum
Interior Features:
Elevator
Lease Type:
Net
Listing Terms:
Cash; Conventional; Lease Option
Other Equipment:
None
Owner Pays:
Gas; Water
Parking Features:
Detached
Possession:
Close Of Escrow; Rental Agreement; Subject To Tenant Rights
Road Surface Type:
Gravel
Security Features:
Security System
Special Listing Conditions:
HUD Owned
Tenant Pays:
Electricity
Utilities:
Electricity Available; Natural Gas Available; Sewer Available
Water Source:
Public
Contract Information
- Auction YN
- No
- Original List Price
- 799900
- Listing Agreement
- Exclusive Right To Sell
- Occupant Type
- Tenant
Location Tax and Legal
- Street Number
- 5
- Street Name
- Waltham
- Street Suffix
- Street
- County
- Lake
- State
- IN
- Postal Code
- 46320
- Subdivision Name
- Homewood Add
Remarks and Miscellaneous
- Public Remarks
- CASHFLOW! 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!
Status Change Information
- Major Change Timestamp
- 2022-02-04T13:45:11Z
- Major Change Type
- Status Change
- Status Change Timestamp
- 2022-02-04
- Offer Acceptance Date
- 2021-12-11
- Close Date
- 2022-02-04
- Close Price
- 740000
- Concessions
- No
- Buyer Financing
- Conventional
More Information
Exemption Information
- Exemption YN
- Y
Frontage Type
- Frontage Length
- 62
Income and Expenses
- Expense Year
- 2020
- Gross Income
- 749
- Gross Scheduled Income
- 90029
- Insurance Expense
- 4846
- Net Operating Income
- 65265
- New Taxes Expense
- 6560
- Total Actual Rent
- 89280
- Trash Expense
- 841
- Water Expense
- 175
- Electric Expense
- 0
- Maintenance Expense
- 0
- Manager Expense
- 0
- Other Expense
- 0
- Professional Management Expense
- 0
- Sewer Expense
- 0
- Supplies Expense
- 0
Unit Details
- Number Of Efficiencies
- 6
- Number Of One Bedroom Units
- 6
Unit 1
- Unit Number
- Yes
- Square Feet
- 0
- Rent
- 0
Showing Requirements
- Showing Instructions
- Proof of funds, Text or email agent for showing instructions
Historical Information
- Public Historical Remarks
- Array, Lease Type: Net
Location, Tax, and Legal
- Postal Code +4
- 2405
- Tax Assessed Value
- 0
- Tax Legal Description
- Legal Description: HOMEWOOD ADD. ALL LOTS 32 & 33 BL.5 W. 2.1FT. L.31 BL.5 E.10FT. L.34 BL.5
- Parcel Number
- 450601151012000023
- Township
- North
- Directions
- North on Hohman ave, left on waltham.
Construction Materials
- Brick
- Yes
Exterior Features
- Storage
- Yes
Flooring
- Hardwood
- Yes
- Linoleum
- Yes
Interior Features
- Elevator
- Yes
Listing Terms
- Cash
- Yes
- Conventional
- Yes
- Lease Option
- Yes
Lock Box Information
- Lock Box Serial Number
- No
Other Equipment
- None
- Yes
Parking Features
- Detached
- Yes
Possession
- Close Of Escrow
- Yes
- Rental Agreement
- Yes
- Subject To Tenant Rights
- Yes
Road Surface Type
- Gravel
- Yes
Security Features
- Security System
- Yes
Special Listing Conditions
- HUD Owned
- Yes
Utilities
- Electricity Available
- Yes
- Natural Gas Available
- Yes
- Sewer Available
- Yes
Water Source
- Public
- Yes
Auction
- Minimum Opening Bid
- 0
- Buyer Premium Amount
- 0
Lease Type
- Net
- Yes
Owner Pays
- Gas
- Yes
- Water
- Yes
Tenant Pays
- Electricity
- Yes
Listing Office:
Campbell Realty
Last Updated: February - 22 - 2024
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2024 Triangle MLS, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.