Great Investment Property: OFF MARKET DEAL $82,500 Below ARV Located In Gary Indiana Priced @ $29.5K I Wanted To Share This Great Exclusive Off Market Property With You 633 Mckinley St Gary Indiana 46404 ARV $112,000 Price : 29.5k It's A 4 Bed 2.5 Bath 2773 sq ft Fix & Flip Which Is Also Ideal To Be Turned Into A Multi Unit Property For Multiple Monthly Cash Flows As Well, So You Have Options . Current Rental Rate For This Area Is $1,300 Which Can Be Doubled If You Convert The Property Into A Multi Unit vs Just A Big Single Family Residence Buy & Hold :$2,600 Cash Flow Potential If You Convert The Basement As Well Total Investment Recovered In 20 Months Of Collecting Rent @ $2,600 Repairs 15k: Standard Rehab Update 20k: Modern Rehab Update Fix & Flip Estimated $62,500 Profit (Purchase 29.5k )Repairs (20k) Modern Update = 49,500 Total Investment. ARV 112,000 - Current Market Value 111,649 If You Just Sell It 4k Below After Repair Value You Will Profit $58,500(Total Investment Including Rehab Investment) :49,500 + Profit 58,500 = Your Sale Price $108,000 ) (SOLD)
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