2063 West 86th Avenue
2063 West 86th Avenue
$1,680,000
24
16
—
—
—
Pending
Description
Turnkey, updated, and stable investment opportunity! Built in 2003, these 4 fully occupied duplexes (8 total residential units) have been very well updated and maintained. The current annual gross rental income from all 8 units is $175,000. Each (half duplex) unit has 3 bedrooms, 2 bathrooms, an attached 2+ car garage, stainless steel appliances - including dishwasher and built in microwave, modern updates and layouts. Roofs, windows, and patio doors were replaced in 2022. Tenants pay the gas, electricity,...Turnkey, updated, and stable investment opportunity! Built in 2003, these 4 fully occupied duplexes (8 total residential units) have been very well updated and maintained. The current annual gross rental income from all 8 units is $175,000. Each (half duplex) unit has 3 bedrooms, 2 bathrooms, an attached 2+ car garage, stainless steel appliances - including dishwasher and built in microwave, modern updates and layouts. Roofs, windows, and patio doors were replaced in 2022. Tenants pay the gas, electricity, and water utility bills. This is currently a very low maintenance, turnkey asset that has great upside and long-term benefits. It currently sits at a 6.2% cap rate, and projects to a 7+% cap after rent stabilization. Reach out to an agent for more detailed income and expense information, and for viewing times.
- Listed by Tariq Suboh • Ellsbury Commercial Group LLCP: (219) 805-5200 C: (219) 805-5200 Tariq@EllsburyGroup.com
- Listed by Farris GoseaP: (217) 904-8983 C: (217) 904-8983 FarrisGosea3@gmail.com
Property Details for 2063 West 86th Avenue
Subdivision
Maricopa Point of Sedona
Garage # of Cars3
Location
LISTING UPDATED: 04/30/2024 09:17 AM
Property Details for 2063 West 86th Avenue
Status | Pending |
---|---|
MLS # | 802594 |
Days on Market | 6 |
Taxes | $28,403 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income / Duplex |
Year Built | 2003 |
Lot Size | 0.26 AC / 11,325 SF |
County | Lake County |
Location
Building Information for 2063 West 86th Avenue
Stories-Residences8Year Built2003Building Size-Lot Size0.26 AC / 11,325 SF
Payment Calculator
$11,535 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 2063 West 86th Avenue
Property History for 2063 West 86th Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 2063 West 86th Avenue
Taxable ValueLand$63,700Additions$254,400Total$318,100
Tax Record2022$5,796 ($483 / month)
Home Facts
Beds3Baths4Total Finished SqFt1,240 SqFtAbove Grade Finished SqFt1,240 SqFtStories1Lot Size11,326 SqFtStyleCondominiumYear Built2003CountyLAKEAPN45-12-29-227-003.000-030
Schools near 2063 West 86th Avenue
This home is within Merrillville Community School.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 4 | |||
Public - | 5 to 6 | |||
Public - | 7 to 8 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Homer Iddings Elementary School PublicK to 4 | ||
Merrillville Intermediate School Public5 to 6 | ||
Pierce Middle School Public7 to 8 | ||
Merrillville High School Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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