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
- New Construction YN
- No
- 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
- Waterfront YN
- No
- Basement YN
- Yes
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
- Lease Considered YN
- No
- 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
Unit Details
- Number Of Efficiencies
- 6
- Number Of One Bedroom Units
- 6
Unit 1
- Unit Number
- Yes
Showing Requirements
- Showing Instructions
- Proof of funds, Text or email agent for showing instructions
Historical Information
- Public Historical Remarks
- Array, Lease Type: Net
Listing Office:
Campbell Realty
Last Updated: February - 22 - 2024
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