6213 Kennedy Ave Hammond, IN 46323

This exceptional mixed-use property at 6213 Kennedy Avenue, Hammond, Indiana, presents a rare investment opportunity. Built in 1955, this 11,979 square foot complex comprises five separate buildings on a single story, offering a diverse range of income streams. The property includes a well-established auto shop equipped with four hoists and a compressor, a thriving local restaurant, a church, a three-bedroom apartment, and a steel warehouse currently used for boat and RV detailing. All tenants are long-term, providing stable and consistent rental income. The property boasts a strong financial performance, generating a gross annual income of $113,040 and a net monthly income of $9,420. Annual expenses include approximately $3,900 for insurance and $14,000 for taxes. This translates to a significant cash flow and a capitalization rate exceeding 12%. The property's location in the Hessville area of Hammond offers excellent visibility and accessibility. This is a turnkey investment, ideal for an investor seeking a substantial return on investment with a proven track record of success. The property is priced at $719,000, representing a price per square foot of $60.02. Detailed financial information is available upon request. This is a first-time offering from a long-term owner of 28 years. The zip code is 46323.