Closed

$356,500

6618 Meadow Ln, Hammond, IN 46324

4beds

--sqft

Quadruplex

Built in 1927

-- sqft lot

$368,700 Zestimate^®

$--/sqft

$1,636 Estimated rent

Home value

$368,700

$347,000 - $391,000

$1,636/mo

Zestimate^® history

Owner options

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$1,636/mo

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$1,636/mo

Rent Zestimate^®

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$2,229/mo

Est. payment

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$2,229/mo

Est. payment

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What's special

Amazing Investment Opportunity! FULLY OCCUPIED, 4 UNIT property situated near Hammond's Historic Downtown Corridor. All units have been updated in recent years and host 1 bed, 1 bath and feature a spacious living room and eat-in kitchen with stove and fridge, high ceilings, wood floors and beautiful trim throughout. New deck boards, new furnaces, and exterior tuckpointing were done around 2021. The full basement has freshly painted epoxy floors and includes secured storage rooms that could be rented to tenants for added income as well a a coin operated washer and dryer. Outside you'll find a private parking area that was recently paved plus a 4 car garage that's currently being used as storage by the owner but could be rented to tenants for additional income. Property currently sits at a 6.9% cap rate and projects to a 8.5%+ cap after rent stabilization. Tenants are responsible for electric and heat. Don't miss out on this great opportunity!

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 4
Full bathrooms: 4

Heating

Forced Air, Natural Gas

Appliances

Included: Dryer, Range, Washer, Refrigerator
Laundry: Common Area, See Remarks, In Basement

Features

Eat-in Kitchen
Basement: Daylight,Storage Space,Sump Pump,Exterior Entry,Interior Entry,Full
Has fireplace: No

Interior area

Finished area above ground: 2,640

Property

Parking

Total spaces: 8
Parking features: Additional Parking, On Street, Detached, Asphalt
Garage spaces: 4

Features

Levels: Three Or More
Patio & porch: Rear Porch
Exterior features: Storage
Fencing: None
Has view: Yes
View description: None
Frontage length: 50

Lot

Size: 8,319 Square Feet
Dimensions: 50 x 166
Features: Front Yard, Paved, Landscaped

Details

Parcel number: 450612131011.000023
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Property subtype: Quadruplex

Condition

New construction: No
Year built: 1927

Utilities & green energy

Sewer: Public Sewer
Water: Public
Utilities for property: Electricity Available, Sewer Available, Natural Gas Available

Community & HOA

Community

Subdivision: Meadow Grove Add

HOA

Has HOA: No

Location

Region: Hammond

Financial & listing details

Tax assessed value: $291,600
Annual tax amount: $8,760
Date on market: 10/11/2024
Listing agreement: Exclusive Right To Sell
Listing terms: Cash,VA Loan,FHA,Conventional
Total actual rent: 39600
Road surface type: Asphalt

Price history

Date	Event	Price
10/10/2024	Sold	$356,500-5.9%
Source: NIRA as distributed by MLS GRID #807232 Report a problem
7/31/2024	Listed for sale	$379,000+26.8%
Source: NIRA as distributed by MLS GRID #807232 Report a problem
4/7/2022	Sold	$299,000+3.1%
Source: NIRA as distributed by MLS GRID #508742 Report a problem
3/17/2022	Pending sale	$290,000
Source: NIRA as distributed by MLS GRID #508742 Report a problem
3/11/2022	Listed for sale	$290,000
Source: NIRA as distributed by MLS GRID #508742 Report a problem