1937 Martin Luther King Drive

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1937 Martin Luther King Drive

Gary, IN 46407
Asking Price
$10K
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • The property is located at 1937 Martin Luther King Drive in Gary.
  • This multifamily apartment building is currently available for purchase.
  • The total asking price for this asset is $9,900.
  • Gary provides connectivity to the regional Chicago metropolitan area economy.
  • Investors can utilize this building for small-scale residential rental operations.

What's Special

Priced at $9,900, this multifamily apartment building located at 1937 Martin Luther King Drive in Gary, Indiana, represents an entry-level investment in the Midwest market. Gary sits within the Chicago metropolitan area, providing access to regional transportation networks and a diverse labor pool. The property functions as an apartment asset, suitable for investors focused on value-add projects or residential portfolio expansion within this industrial-centric region. Residential real estate in this part of Northwest Indiana offers proximity to major rail and highway corridors that connect the local economy to the broader Great Lakes trade hub. Investors evaluating this asset should consider the current demand for rental housing in the submarket. The property occupies a functional site in a historic city undergoing shifting land use patterns. This acquisition is intended for parties familiar with the Gary municipal market and the operational requirements of small-scale apartment buildings.

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NOI
$80,000
Cap Rate
808.08%
DSCR
136.11
Strong
Cash-on-Cash
2673.81%
Monthly Payment
$48.98
Annual Cash Flow
$79,412.242

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