410 E Commercial Avenue is a $229,900, 10,186 square foot, 3 bedroom, 3.5 bath home on a 0.14 acre lot located in Lowell, IN.
FULLY occupied and priced based purely on condition, location and return on investment. This property is designed for the TRUE passive investors who understand cap rates and return on investments can do the math and see this! 3 residential apartments on upper level (1 Yr terms $700, $650 & $600) plus a HUGE lower level commercial retail unit with a 2yr term @ $850mo that also come time has a 5th lower Commercial retail or professional office space that can be added to the rent roll with its own separate entrance. LOADS of updates and remodeling in all apartments and photos online for touring. Flat roof just redone as well as interior common and access points to the exterior sun-deck & rear emergency exit. Bsmnt is typical of 1893 but systems are updated (HWHs & Boiler). If looking for your future business the main floor has LARGE retail space plus 2 private offices plus secondary store front that could be the 5th unit. Tenants pay electric, Owner has Sewer/Water/Gas (see expenses)
Transaction Type - Sale
Based on information from the Greater Northwest Indiana Association of REALTORS, last updated 05/20/2019 at 05:30am MDT. Listing information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed by the MLS or this website.