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1150 Indiana Avenue Griffith, IN 46319
7,710 Sqft Lot
Key Details
Sold Price -
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Subdivision Brinwood Add
MLS Listing ID 826503
Sold Date -
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
Rooms
Basement Other
Interior
Interior Features Open Floorplan, Stone Counters
Heating Baseboard
Cooling Individual Units
Flooring Carpet, Vinyl, Tile
Fireplace No
Appliance Dryer, Washer, Refrigerator, Gas Water Heater, Electric Range
Exterior
Exterior Feature Lighting
Parking Features Asphalt, Paved
Utilities Available Cable Available, Sewer Connected, Water Connected, Electricity Connected
Roof Type Shingle
Building
Lot Description Cul-De-Sac, Paved, Landscaped
Schools
School District Griffith
Others
Acceptable Financing Cash, VA Loan, Other, FHA, Conventional
Listing Terms Cash, VA Loan, Other, FHA, Conventional
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