6213 Kennedy Avenue, Hammond, IN 46323

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Sold Price
$637,500
List Price
$719,000
Closing Date
Nov 05, 2024
MLS#
803954
Status
CLOSED
Type
Commercial
Subtype
Commercial Sale
Living Area
11,250
County
Lake
City
Hammond
Neighborhood
Turner-Meyn Park
Days On Market
179

Property Description

Massive opportunity has arrived with this mixed use building in the Hessville area of Hammond. First time available from a long term owner of 28 years. This building consists of a custom auto shop with 4 hoists and a compressor, a busy local restaurant, church, 3-bedroom apartment and steel warehouse that is home of boat and RV detail. These are all solid, long term tenants delivering stable income. With low annual tax, this building is delivering massive cash flow with over a 12 cap. Details available upon request. 95140---Net Income9420/ month in gross rents monthly113040 gross annual income3900 year insurance14000 year taxes

Additional Information

Subdivision
Turner-Meyn Park
Year Built
1955
Parking Spaces
30
Heating
Forced Air
Sewer
Public Sewer

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Listings courtesy of Midwest Real Estate Data as distributed by MLS Grid

Selling Office: Simplify Your Move! Realty Inc.

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