2445 Diamond Street

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2445 Diamond Street

Gary, IN 46407
Asking Price
$19K
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

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

  • Multifamily apartment building located in Gary, Indiana
  • Asset is currently available for purchase at $18,500
  • Property sits within the 46407 zip code area
  • Suitable for value-add investment and repositioning strategies
  • Strategically placed near key regional transit infrastructure

What's Special

This multifamily apartment building at 2445 Diamond Street presents an investment project in Gary, Indiana. Situated within a established residential corridor of the city, the property serves the local housing market by providing rental units. Gary maintains a significant position in the Northwest Indiana region, benefitting from its proximity to major transportation corridors and the broader Chicago metropolitan industrial base. Investors may consider this asset for repositioning or value-add strategies intended to stabilize the rental income stream. The structure is positioned to benefit from ongoing regional efforts toward urban revitalization and neighborhood investment. Prospective buyers should evaluate the current physical condition and local rental demand to align the asset with long-term portfolio objectives in this historic Midwestern industrial hub.

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NOI
$80,000
Cap Rate
432.43%
DSCR
72.84
Strong
Cash-on-Cash
1421.65%
Monthly Payment
$91.528
Annual Cash Flow
$78,901.665

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