Multiple Addresses, Griffith, IN 46319

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Jeff B.

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Building Details:

Multiple Addresses is amulti-family property for lease in Griffith, IN.

23 units. Single family and duplexes in Calumet Township, Indiana. Leased units creating steady income. Owner is a contractor, therefore, little or no deferred maintenance. Stable geographical area. Close to major transportation Routes of US 6, Route 41 and I-80/94.

• SALES PRICE: $1,450,000
• 23 UNITS
• 9 SINGLE FAMILY
• 6 MULTI-TENANT
• SCHEDULED INCOME: $250,000
• ESTIMATED EXPENSES: $87,500
• CAP RATE: 11.21%
• AVERAGE PRICE PER UNIT: $63,000
• STRONG RENTAL DEMAND
• STABLE GEOGRAPHICAL AREA
• CLOSE TO MAJOR TRANSPORTATION: Rt US 6, Rt 41 and I-80/94

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