Merrillville Indiana Flip With 2 Lots

7100 Catherine St, Merrillville, IN 46410

$110,000 After Repair Value -
$55,000 Asking Price -
$30,000 Cost of Repairs =
$25,000 Potential Profit

Property Details

Asking Price $55,000

After Repair Value $110,000

Costs of Repairs $30,000

Potential Profit $25,000

Living Area 720 ft2

Property Type Single Family House

Bedrooms 2

Bathrooms 1

Half Bathrooms 0

Parking 2

Listed with Agent No

Property Description

Here\'s Your Opportunity To Own 2 Lots In Merrillville For Less Than The Price Of 1. Brick Single Family That Consists Of 2 Bedrooms And 1 Bathroom. Property Has An Empty Lot Located Directly Behind It. Parcels Can Be Split To Allow For Another Property To Be Built. Taxes Are Currently $200 Annually For The Empty Lot.

Repairs Needed

Includes flooring, updates to kitchen, bathroom etc, which will total close to $12,000. To expand the property on the oversized lot and make additions, rehab costs will be closer to $30,000.

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