Report Listing

Home For Sale

$320,000

6405 Kennedy Ave
Hammond, Indiana, United States

5bd 2.5ba

Listed By: Realtyww Info

Listed On: 09/08/2024

Listing ID: GL11276911 View More Details

Description

Super Site at a Kennedy Avenue Stoplight Corner in Hessville. 2 Apartments, Tavern with full kitchen. Extra lot with large area for potential paved parking lot fronting on Cleveland St. Another fenced open area fronting Kennedy suitable for Beer Garden or building expansion.Always wanted to own a bar with Bonus Rental Income? This is it!One bedroom apartment normally rents for $800/month including utilities. Month to month lease. 4 bedroom apartment normally pays $1200/month plus their own NIPSCO gas and electric. Month to month lease also. Long time current owner operates the tavern, enjoys a booming business. 3 way liquor license included in package. Retiring early? '30 and out' from the mill? Want to stay busy? Call your agent to see this bargain!Gross income shown is for the rentals, not the business income. 'Electricity' expense shown includes electric for the tavern, one bedroom apt, and the kitchen. Water expense includes the sewer bill. Insurance expense is factored out for the building. Business and building insurance total is $360/month. Rent on the one bedroom is reduced to $500. while tenant is employed by tavern. Rent on the four bedroom also reduced by $400 to repay tenant for the newly installled windows upstairs. As Is Addendum and Proforma attached. Need 48 hour notice to show apartments. Tavern showings much easier. Working on list of business fixtures that ar included. Will be attached to listing. Please contact your agent for the attachments.

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Listed by: Top Producer Aws Customer
Source: The World Property Journal

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