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Mark Keene

mhkeene60@gmail.com +1(219) 292-3704

$ 299,900

Est. payment | -/mo

4 Beds

5 Baths

5,074 Sqft Lot

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$ 299,900

Est. payment | -/mo

Save

4 Beds

5 Baths

5,074 Sqft Lot

Key Details

Property Type Single Family Home, Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Subdivision Sanborns 4Th Add

MLS Listing ID 843245

Bedrooms 4

Full Baths 5

Year Built 1968

Annual Tax Amount $3,972

Tax Year 2024

Lot Size 5,074 Sqft

Property Sub-Type Apartment

Property Description

Excellent opportunity to add a versatile mixed-use investment property to your portfolio. This income-producing property features four two-bedroom residential units along with one (1) commercial space, offering multiple income streams in a convenient Michigan City location. The property is currently generating over 2,500 per month in rental income. All residential units are occupied on verbal month-to-month rental agreements, providing flexibility for future management and leasing strategies. The commercail space is vacant and is awaiting your next project. Conveniently located in the 46360 area of Michigan City, the property is situated just off a public bus route and offers easy access to many of the area's amenities. Enjoy proximity to Lake Michigan's shoreline and beaches, shopping, dining, entertainment, the casino, and rail service, making this a desirable location for both residential and commercial tenants. Whether you're expanding your investment portfolio or seeking a mixed-use property with immediate cash flow and future potential, this property presents an outstanding opportunity. Buyer to verify all measurements, rental information, zoning, and permitted uses. Michigan City is short term rental friendly.

Location

State IN

County La Porte

Interior

Interior Features None

Heating Natural Gas

Cooling Ceiling Fan(s), None

Flooring Other

Fireplace No

Appliance Range, Refrigerator

Exterior

Parking Features On Street, Off Street

Utilities Available Cable Available, Sewer Connected, Natural Gas Connected, Electricity Connected

Building

Lot Description Other

Others

Acceptable Financing Cash

Listing Terms Cash

Listed by Century 21 Circle

Nearby Locations

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Mark Keene

Managing Broker License ID: RB18001895

mhkeene60@gmail.com

+1(219) 292-3704

3709 Broadway #2, Gary, IN 46409

205 E Garfield Street Michigan City, IN 46360

Mark Keene

Key Details

Location

Interior

Exterior

Building

Others

205 E Garfield Street