5 Beds
3 Baths
Full Baths: 3
1.01 Lot Size
1946 Year Built

Amazing opportunity for a savvy investor. 3 small homes on a one-acre lot in the unincorporated Griffith/Schererville area - Lake Central Schools. At its current price and condition, you are looking at a Cap Rate of 0.15!! The units need some TLC, but the rent rates are very good. Where else can you get units for less than 100k each in the Lake Central School District? Rural feeling lot, yet close to so many conveniences (minutes to Rte. 30). Keep these units as a great investment, live in one, and rent the other two, or build your dream home and keep an in-law unit, or perhaps use it as an AirBnB, Plenty of possibilities for the creative mind! Front and middle units are Go and Show. 3rd unit can be scheduled after viewing the other 2 units. Please do not disturb back tenant. Seller is motivated.

Listed by Legacy Realty Group LLC

GALLERY

1910 S Calhoun Street, Griffith, IN 46319

PROPERTY DETAIL

Key Details

Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Subdivision New Elliot
MLS Listing ID 839851
Bedrooms 5
Full Baths 3
Year Built 1946
Annual Tax Amount $2,975
Tax Year 2024
Lot Size 1.012 Acres
Property Sub-Type Triplex
Location

State IN
County Lake
Rooms

Basement Storage Space
Building

Lot Description Private, Wooded, Rectangular Lot

Interior

Interior Features None
Heating Central
Cooling Individual Units
Flooring Carpet, Vinyl
Fireplace No
Appliance Range, Refrigerator
Exterior

Parking Features Driveway, Gravel
Utilities Available Electricity Available, Natural Gas Available
Schools

School District Lake Central
Others

Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional