Garfield Park Add Homes with Apartment Subtype

Garfield Park Add Homes with Apartment Subtype

Welcome to Garfield Park Addition, a hidden gem nestled in the heart of Gary, Indiana. This charming neighborhood is characterized by its lush greenery, friendly community, and a rich tapestry of history that makes it a wonderful place to call home. As you stroll through the tree-lined streets, you’ll find a mix of well-maintained single-family homes and inviting apartment complexes, catering to a diverse range of lifestyles and budgets.

Garfield Park Addition offers a unique blend of suburban tranquility and urban convenience. Residents enjoy easy access to local parks, including the picturesque Garfield Park itself, where families can gather for picnics, children can play, and neighbors can connect. The community is also conveniently located near major highways, making it simple to commute to downtown Gary or explore the greater Northwest Indiana area.

The homes in Garfield Park Addition with apartment subtypes provide an excellent opportunity for those looking to invest in rental properties or for families seeking multi-generational living arrangements. These versatile homes often feature spacious layouts, modern amenities, and outdoor spaces perfect for entertaining or relaxing.

With a vibrant community spirit, a variety of housing options, and proximity to essential services, Garfield Park Addition is an ideal choice for anyone looking to settle in Gary. Whether you’re a first-time homebuyer, an investor, or simply searching for a welcoming neighborhood, Garfield Park Addition has something special to offer. Come and discover the warmth and charm of this delightful community!

Newest Garfield Park Add Homes with Apartment Subtype

$79,900
3 Beds ⋅ 1 Baths
MOTIVATED SELLER - Hey INVESTORS - Affordable 3-bedroom, 1-bath raised ranch. This home features a full basement and solid fundamentals, with major updates already completed--including a roof and windows recently --giving you peace of mind on the big-ticket items. Inside, you'll find a great layout with plenty of potential to make it your own over time. Whether you're tired of rising rent or ready to invest in your future, this home offers a smart, affordable path to ownership. Currently occupied by a reliable long-term tenant on a month-to-month lease at 1,000/month, this reflects a stable, below-market rent typical of long-term occupancy--providing an opportunity for future increases. At the current asking price, the property delivers an estimated 10.0 cap rate with 12,000 annual gross income and minimal vacancy risk. Property is located in a strong rental area, you may also want to explore local Section 8 Housing Choice Voucher Program payment standards, which could support higher rental income and improved returns, depending on qualification and tenant placement. Sold As-Is, this property offers both immediate cash flow and value-add potential through rent adjustments or light improvements. Whether you're building your portfolio or entering the market, this is a cash-flowing asset ready to perform from day one. Sold As-Is. Schedule your private showing today and take the first step toward owning your home!

815 W 25th Avenue, Gary
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