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.
Basic Details
Property Type : Residential Income
Listing Type : For Sale
Listing ID : NRA839851
Price : $275,000
Bedrooms : 5
Rooms : 15
Bathrooms : 3
Half Bathrooms : 0
Year Built : 1946
Lot Area : 44,083 Sqft
Status : Active
Acres : 1.012
Property Subtype 1 : Triplex
Status : Active
Features
Heating System : Central
Pet Policy : Yes
Parking : Driveway, Gravel
Interior Features : No
Appliances
Appliances : Refrigerator, Range
Address Map
Country : US
State : IN
County : Lake
City : Griffith
Street : Calhoun
Street Number : 1910
Street Suffix : Street
Postal Code : 46319
Floor Number : 0
Longitude : W88° 35' 28.8''
Latitude : N41° 29' 15.1''
Directions : 73rd or Joliet St to Calhoun, south to homes.