October 4, 2022 – Anthony Spangler and Andrew O’Connell of Horvath & Tremblay have successfully completed the sale of three (3) multi-family units in Whiting, Indiana. Horvath & Tremblay represented the seller and procured the buyer to complete the transaction at a sale price of $250,000.
The multi-family investment property is located at 705 114th Street in Whiting, Indiana. The Property is improved by two buildings, with a total of three (3 residential units) with 2,250 square feet of gross living area in 2,500 square feet of total gross area on a 0.12-acre parcel. Both buildings were constructed in 1925; the front building is a 2-Bedroom/1-Bathroom single family house, and the rear building is a multi-family building with a studio unit on the ground floor and a 2-Bedroom/1-Bathroom unit on the second floor. The Property has been well maintained and features ample, private green space in between the two buildings and a storage shed. Each unit is separately metered for electricity and gas heat and hot water, which the tenants pay directly. The landlord is responsible for domestic water and sewer. The Property is located along 114th Street and is seconds from the intersection of Calumet Avenue (US Highway 41) and Indianapolis Boulevard (US Highway 20) on the north end of a densely populated residential neighborhood. The Property enjoys convenient access to the area’s major highway (I-90 and US Highways 41 and 20) and enjoys close proximity to the Hammond-Whiting Station for quick, direct access to Chicago and the surrounding areas, as well as large areas of employment and several national retailers including Walmart Supercenter and Strack & Van Til (the area’s primary grocery store).
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.