100 SHERWOOD Drive
Property Description
9 single family homes PLUS approx 1 acre of land to develop. Subtract the value of the undeveloped lots and you are paying $118,500 per home. Located just outside downtown Hammond in a very pleasant area, this offering includes all but one home on the entire street. Very well-maintained, these brick ranch style homes offer low maintenance brick veneer construction, central air/heat and spacious lots. Currently under-rented, area rents indicate market rent of $1350 per month per house or more. At current rents annual revenue is $111,300. At $1350/mo per unit, annual revenue would be $144,800. Add additional revenue by improving the vacant land! RM-2 Zoning allows 2-FAMILY housing, if desired. Amazing returns possible!
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $1,192,000 |
| No. of Units: | 9 |
| Year Built: | 1965 |
| Lot Size: | 10,611.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $132,444 |
| Property Website | Click Here |
| Number of Bedrooms: | 0 |
| Number of Bathrooms: | 0 |
ID: 3yd-NOMARLA-2512088
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