815 W 25th Avenue, Gary, IN 46407
Local realty services provided by:Better Homes and Gardens Real Estate Connections
Listed by: dennis nichols
Office: weichert, realtors-moke agency219-662-3000
MLS#:837478
Source:Northwest Indiana AOR as distributed by MLS GRID
815 W 25th Avenue,Gary, IN 46407
$125,000
- 3 Beds
- 1 Baths
- 836 sq. ft.
- Single family
- Active
Price summary
- Price:$125,000
- Price per sq. ft.:$149.52
About this home
Stop Renting--Start Building Your Future! Own your first home and start building equity with this affordable 3-bedroom, 1-bath raised ranch--a perfect opportunity for first-time buyers or anyone ready to make the move from renting to owning. This home features a full basement and solid fundamentals, with major updates already completed--including a roof and windows just 3 years old--giving you peace of mind on the big-ticket items. Inside, you'll find a great layout with plenty of potential to make it your own over time. Currently tenant-occupied on a month-to-month basis, offering flexibility for a smoother transition at closing. Whether you're tired of rising rent or ready to invest in your future, this home offers a smart, affordable path to ownership. INVESTORS - Currently occupied by a reliable long-term tenant on a month-to-month lease at 1,000/month, this reflects a stable, below-market rent typical of long-term occupancy--providing an opportunity for future increases. At the current asking price, the property delivers an estimated 10.0 cap rate with 12,000 annual gross income and minimal vacancy risk. Property is located in a strong rental area, you may also want to explore local Section 8 Housing Choice Voucher Program payment standards, which could support higher rental income and improved returns, depending on qualification and tenant placement. Sold As-Is, this property offers both immediate cash flow and value-add potential through rent adjustments or light improvements. Whether you're building your portfolio or entering the market, this is a cash-flowing asset ready to perform from day one. Sold As-Is. Schedule your private showing today and take the first step toward owning your home!...
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Home facts
- Year built:1945
- Listing ID #:837478
- Added:3 day(s) ago
- Updated:April 25, 2026 at 02:32 PM
Rooms and interior
- Bedrooms:3
- Total bathrooms:1
- Full bathrooms:1
- Rooms Total:5
- Basement:Yes
- Basement Description:Basement
- Living area:836 sq. ft.
Structure and exterior
- Year built:1945
- Building area:836 sq. ft.
- Lot area:0.06 Acres
- Exterior Features:Rain Gutters
Utilities
- Water:Public
Finances and disclosures
- Price:$125,000
- Price per sq. ft.:$149.52
- Tax amount:$1,415 (2024)
Parking
- Parking description:Off Street
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