HORVATH & TREMBLAY SELLS EIGHT UNITS IN GRIFFITH, IN FOR $706,000.

May 26, 2021 – Anthony Spangler and Andrew O’Connell of Horvath & Tremblay have successfully completed the sale of eight (8) multi-family units in Griffith, Indiana.  Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $706,000.

The multi-family investment property, located at 1155 & 1157 N Indiana Street in Griffith, Indiana, is comprised of two side-by-side, 2-story apartment buildings constructed in 1998. Each building contains four (4) units, for a total of eight (8) units. The property has eight (8) 2-Bedroom/1-Bathroom units in 8,000 square feet of living area (10,000 square feet of total gross area) on a 0.20-acre parcel. The property offers 16 on-site parking spaces and additional parking on the street. The property is located in Griffith, Indiana which is a Southeast Suburb of Chicago located directly south of two major highways, I-94 (2-miles) and I-90 (5-miles), and is just 3-miles east of Indianapolis Boulevard (US Route 41). The property is less than 7-miles from the South Shore Line for quick, direct access to Chicago, South Bend, and the surrounding areas. Tenants enjoy a quiet, tree-lined residential neighborhood with ample green space, and is well located about ¾-miles from both Ridge Road and 45th Street, offering access to area amenities like grocery stores, restaurants and numerous national retailers.

Horvath and Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Their advisors specialize in the sale of apartment buildings, mixed-use properties, and development projects. They have experience successfully structuring portfolio sales and 1031 exchanges. They have a dedicated buy side desk that provides real time inventory and market data to each individual client placing capital or fulfilling a 1031 exchange requirement. The firm is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.