929-935 Glen Park Avenue, Griffith, IN 46319

$585,000
Property Type: Residential Income Lot Size (sq. ft.): 174,240 Status: Closed
Current Price: $585,000 List Date: 1/14/2025 Last Modified: 4/16/2025

Overview

Description

5 PROFESSIONALLY MANAGED FULLY RENTED 2BDRM 1 BATH condos are being offered as one package...These units are in 4 separate buildings...These are all long term tenants (4 of them have been here over 10 years)...These are rock solid brick buildings with clean hallways, intercom security, tenant storage and coin laundry on every floor...all units come with fridge, stove, dishwasher & fireplace...Plenty of parking...Inground Pool...landscaped common areas with picnic tables...The units are all in good shape and rented...4 of the units have new furnace/AC and tower...a couple of the units could use new carpet but 4 of these tenants have been here for 10 plus years...929-303 rent at 945 (930 sq-ft) / 931-101 rent at 950 (1180 sq-ft) / 933-106 rent at1000 (930 sq-ft) / 935-101 rent at 945 (930 sq-ft) / 935-204 rent at 930 (930 sq-ft)...HOA pays water, sewer, garbage, snow, grass, landscape, maintenance and building insurance...HOA fee 185 per/month...taxes 210 per/month...management fee 65 p ...

Listing Details MLS# 814886

General Property Information

New Construction YN
No
Number Of Units Total
5
Above Grade Finished Area
9301180
Year Built
1982
Garage YN
No
Lot Size Acres
4
Lot Size Square Feet
174240
Lot Size Source
Other
Waterfront YN
No
Fireplace YN
Yes

Property Features

Appliances: Other Community Features: Pool Cooling: Central Air Exterior Features: Other Fireplace Features: Other Flooring: Carpet; Linoleum; Tile Heating: Forced Air Interior Features: Other Levels: 1-Sty/Ranch/Bungalow Listing Terms: Cash; Conventional Lot Features: Other Owner Pays: Other Parking Features: Additional Parking Pets Allowed: Yes Possession: Subject To Tenant Rights Sewer: Public Sewer Tenant Pays: Electricity; Gas Water Source: Public

Contract Information

Auction YN
No
Original List Price
599900
Property Sub Type
Apartment
Listing Agreement
Exclusive Right To Lease

Location Tax and Legal

Street Number
929-935
Street Name
Glen Park
Street Suffix
Avenue
County
Lake
State
IN
Postal Code
46319
Subdivision Name
none

Remarks and Miscellaneous

Public Remarks
5 PROFESSIONALLY MANAGED FULLY RENTED 2BDRM 1 BATH condos are being offered as one package...These units are in 4 separate buildings...These are all long term tenants (4 of them have been here over 10 years)...These are rock solid brick buildings with clean hallways, intercom security, tenant storage and coin laundry on every floor...all units come with fridge, stove, dishwasher & fireplace...Plenty of parking...Inground Pool...landscaped common areas with picnic tables...The units are all in good shape and rented...4 of the units have new furnace/AC and tower...a couple of the units could use new carpet but 4 of these tenants have been here for 10 plus years...929-303 rent at 945 (930 sq-ft) / 931-101 rent at 950 (1180 sq-ft) / 933-106 rent at1000 (930 sq-ft) / 935-101 rent at 945 (930 sq-ft) / 935-204 rent at 930 (930 sq-ft)...HOA pays water, sewer, garbage, snow, grass, landscape, maintenance and building insurance...HOA fee 185 per/month...taxes 210 per/month...management fee 65 per/month...There has always been room to grow these rents...With some updates these rents could be increase to 1400 or 1500...Excellent location close to plenty of shopping, dining, entertainment and only a 10-minute drive to the train station.

Status Change Information

Major Change Timestamp
2025-04-16T22:55:41Z
Major Change Type
Status Change
Status Change Timestamp
2025-04-16
Offer Acceptance Date
2025-02-06
Close Date
2025-04-16
Close Price
585000
Concessions
No
Buyer Financing
Conventional

More Information

Exemption Information

Exemption YN
No

Fireplace Features

Fireplaces Total
5
Other
Yes

Unit 1

Unit Description
BUILDING 929
Unit Number
303
Square Feet
930
Occupied YN
Yes
Rent
945
# Of Bedrooms
2
# Of Bathrooms
Yes

Unit 2

Unit Description
BUILDING 931
Unit Number
101
Square Feet
1180
Occupied YN
Yes
Rent
950
# Of Bedrooms
2
# Of Bathrooms
Yes

Unit 3

Unit Description
BUILDING 933
Unit Number
106
Square Feet
930
Occupied YN
Yes
Rent
1000
# Of Bedrooms
2
# Of Bathrooms
Yes

Unit 4

Unit Description
BUILDING 935
Unit Number
101
Square Feet
930
Occupied YN
Yes
Rent
945
# Of Bedrooms
2
# Of Bathrooms
Yes

Unit 5

Unit Description
BUILDING 935
Unit Number
204
Square Feet
930
Occupied YN
Yes
Rent
930
# Of Bedrooms
2
# Of Bathrooms
Yes

Location, Tax, and Legal

Tax Annual Amount
2522
Tax Year
2024
Tax Legal Description
FOUNTAINHEAD CONDOMINIUMS APT #106 BUILDING #933 / FOUNTAINHEAD CONDOMINIUMS APT #101 BUILDING #935 / FOUNTAINHEAD CONDOMINIUMS APT #204 BUILDING #935 / FOUNTAINHEAD CONDOMINIUMS APT #303 BUILDING #929 / FOUNTAINHEAD CONDOMINIUMS APT #101 BUILDING #931
Parcel Number
450734202006000006
Additional Parcels YN
Yes
Additional Parcels Description
45-07-34-202-019.000-006 45-07-34-202-028.000-006 45-07-34-202-051.000-006 45-07-34-202-055.000-006
Township
North
Directions
LOCATED ON GLEN PARK AVE BETWEEN KENNEDY & CLINE

Appliances

Other
Yes

Community Features

Pool
Yes

Cooling

Central Air
Yes

Exterior Features

Other
Yes

Flooring

Carpet
Yes
Linoleum
Yes
Tile
Yes

Heating

Forced Air
Yes

Interior Features

Other
Yes

Levels

1-Sty/Ranch/Bungalow
Yes

Listing Terms

Cash
Yes
Conventional
Yes

Lot Features

Other
Yes

Parking Features

Additional Parking
Yes

Possession

Subject To Tenant Rights
Yes

Sewer

Public Sewer
Yes

Water Source

Public
Yes

Owner Pays

Other
Yes

Pets Allowed

Yes
Yes

Tenant Pays

Electricity
Yes
Gas
Yes
Listing Office: BHHS Executive Realty
Last Updated: April - 16 - 2025
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