6213 Kennedy Avenue, Hammond, IN 46323
$637,500
Property Type:
Commercial Sale
Square Footage:
11,250
Lot Size (sq. ft.):
11,979
Status:
Closed
Current Price:
$637,500
List Date:
5/18/2024
Last Modified:
11/08/2024
Overview
Description
Listing Details MLS# 803954
General Property Information
- Number Of Units Total
- 5
- Living Area
- 11250
- Building Area Source
- Public Records
- Year Built
- 1955
- Parking Total
- 30
- Lot Size Acres
- 0.275
- Lot Size Square Feet
- 11979
- Lot Size Source
- Public Records
- Lot Size Dimensions
- 132.1 X 150
- Waterfront YN
- No
- Basement YN
- No
- Stories
- Yes
Property Features
Building Features:
Mixed Use
Community Features:
Curbs; Restaurant; Sidewalks; Street Lights
Construction Materials:
Brick
Cooling:
Ceiling Fan(s); Central Air; Gas; Multi Units
Current Use:
Mixed Use; Retail
Electric:
Other
Exterior Features:
None
Fencing:
None
Flooring:
None
Foundation Details:
Concrete Perimeter
Heating:
Forced Air
Laundry Features:
None
Listing Terms:
Cash; Other
Lock Box Information:
Call Listing Office
Lot Features:
See Remarks
Owner Pays:
Insurance; Taxes
Parking Features:
Additional Parking
Possession:
Negotiable
Rail Availability:
None
Road Frontage Type:
City Street
Roof:
Asphalt
Sewer:
Public Sewer
Special Listing Conditions:
Standard
Tenant Pays:
All Utilities; Cable TV; Electricity; Gas; Grounds Care; HVAC Maintenance; Repairs; Snow Removal; Trash Collection; Water
Utilities:
See Remarks
Water Source:
Public
Showing Requirements:
24 Hour Notice; Appointment Only; Call Listing Office; Text Listing Agent
Contract Information
- Auction YN
- No
- Original List Price
- 749900
- Property Sub Type
- Mixed Use
- Property Attached YN
- Yes
- Listing Agreement
- Exclusive Right To Sell
- Common Interest
- None
- Owner Name
- Fohr X Fohr-Vii LLC
- Occupant Type
- Tenant
Location Tax and Legal
- Street Number
- 6213
- Street Name
- Kennedy
- Street Suffix
- Avenue
- County
- Lake
- State
- IN
- Postal Code
- 46323
- Subdivision Name
- Turner-Meyn Park
Remarks and Miscellaneous
- Public Remarks
- Massive opportunity has arrived with this mixed use building in the Hessville area of Hammond. First time available from a long term owner of 28 years. This building consists of a custom auto shop with 4 hoists and a compressor, a busy local restaurant, church, 3-bedroom apartment and steel warehouse that is home of boat and RV detail. These are all solid, long term tenants delivering stable income. With low annual tax, this building is delivering massive cash flow with over a 12 cap. Details available upon request. 95140---Net Income 9420/ month in gross rents monthly 113040 gross annual income 3900 year insurance 14000 year taxes
Status Change Information
- Major Change Timestamp
- 2024-11-08T18:25:53Z
- Major Change Type
- Status Change
- Price Change Timestamp
- 2024-06-29T00:24:24Z
- Status Change Timestamp
- 2024-11-08
- Offer Acceptance Date
- 2024-09-15
- Close Date
- 2024-11-05
- Close Price
- 637500
- Concessions
- Yes
- Buyer Financing
- Conventional
More Information
Exemption Information
- Exemption YN
- No
Income and Expenses
- Gross Income
- 96240
- Insurance Expense
- 4000
- New Taxes Expense
- 6053
Listing Office:
Listing Leaders Northwest
Last Updated: November - 08 - 2024
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