6618 Meadow Ln, Hammond, IN 46324

Amazing Investment Opportunity! FULLY OCCUPIED, 4 UNIT property situated near Hammond's Historic Downtown Corridor. All units have been updated in recent years and host 1 bed, 1 bath and feature a spacious living room and eat-in kitchen with stove and fridge, high ceilings, wood floors and beautiful trim throughout. New deck boards, new furnaces, and exterior tuckpointing were done around 2021. The full basement has freshly painted epoxy floors and includes secured storage rooms that could be rented to tenants for added income as well a a coin operated washer and dryer. Outside you'll find a private parking area that was recently paved plus a 4 car garage that's currently being used as storage by the owner but could be rented to tenants for additional income. Property currently sits at a 6.9% cap rate and projects to a 8.5%+ cap after rent stabilization. Tenants are responsible for electric and heat. Don't miss out on this great opportunity!