1150 Indiana AVE new Save Request In-Person Tour Request Virtual Tour
Griffith,IN 46319
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 7,710 sqft
Price per Sqft $71
Subdivision Brinwood Add
MLS Listing ID 826503
Year Built 1968
Annual Tax Amount $5,057
Tax Year 2023
Lot Size 7,710 Sqft
Property Sub-Type Quadruplex
Property Description
FANTASTIC MOVE-IN READY 4 UNIT INVESTMENT PROPERTY IN GRIFFITH! This well-maintained 4-unit building offers steady income, low maintenance, and a prime location, featuring (3) two-bedroom/one-bath apartments and (1) one-bedroom/one-bath apartment. All units are fully occupied with long-term tenants on active leases for reliable cash flow. Recent renovations include complete gut rehabs of Units 3 & 4 in 2024 with new kitchens featuring quartz countertops, custom cabinetry, appliances, windows, updated bathrooms, carpet, and in-unit A/C, along with exterior improvements such as new windows, professional landscaping, daylight security lighting, and a fully lit parking lot. Building and mechanical updates include a serviced boiler, new water heater (2025), new commercial washer and dryer, upgraded electrical panels for renovated units, and a roof replaced approximately 10 years ago. This property is a fantastic opportunity for investors seeking strong returns and long-term stability. Commercial washer ad dryer located in basement, provides additional cash flow.**Low maintenance and upside to rent increases!
Location
State IN
County Lake
Interior
Heating Baseboard
Exterior
Exterior Feature Lighting
View Y/N true
View true
Building
Lot Description Cul-De-Sac,Paved,Landscaped
Story Quad-Level
Schools
School District Griffith
Others
Acceptable Financing NRA20250819204919436137000000
Listing Terms NRA20250819204919436137000000
Pets Allowed No