2023 Vermont Street 29

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2023 Vermont Street 29

Gary, IN 46407
Asking Price
$180K
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

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

  • Multifamily asset located at 2023 Vermont Street in Gary.
  • The asking price for this apartment building is $179,900.
  • The property is situated within the 46407 zip code area.
  • The site provides regional connectivity via Northwest Indiana transportation networks.
  • Asset type categorized as an apartment building for investment purposes.

What's Special

Priced at $179,900, this multifamily apartment building is situated on Vermont Street in Gary, Indiana. The property represents a value-add acquisition within the local housing market. Gary continues to serve as a critical component of the Northwest Indiana region, benefiting from its proximity to the Chicago metropolitan area and established transportation corridors that support regional logistics and industry. The city remains a focus for investors seeking affordable housing assets with the potential for long-term income stabilization. Residential demand in the area persists as tenants look for accessible rental housing options. This apartment building provides a functional footprint suitable for a buyer aiming to manage a modest rental portfolio. Its location within the 46407 zip code places it within reach of primary community arteries. Operators may find this asset appropriate for repositioning or adding to an existing roster of residential holdings in the Indiana submarket.

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NOI
$80,000
Cap Rate
44.47%
DSCR
7.49
Strong
Cash-on-Cash
128.44%
Monthly Payment
$890.047
Annual Cash Flow
$69,319.435

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