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$797,000

Est. payment - /mo

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5,773 SqFt

Active

715 W Ashland Street Michigan City, IN 46360

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Carol Vieceli

listwithcarolv@gmail.com +1(219) 299-3357

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Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 5,773 sqft

Price per Sqft $138

Subdivision Orr & Cobbs Add

MLS Listing ID 518862

Year Built 1910

Annual Tax Amount $11,558

Tax Year 2023

Lot Size 1.210 Acres

Lot Dimensions IRR

Property Sub-Type Mixed Use

Property Description

Unique opportunity to acquire a turnkey single family investment home collection in the energized Lake Michigan community of Michigan City, Indiana. Currently going through transformative redevelopment projects related to the shoreline and the South Shore double-tracking project, Michigan City is seeing great interest and investment, to the tune of hundreds of millions in new projects. This downtown housing collection offers an investor a turnkey opportunity to get a 9.1 CAP on the investment. Currently consists of 5 homes & 1 lot ready for your ownership. Tenants pay all utilities. Laundry machines are not included in the sale, but most kitchen appliances are. Out of respect to our seller and tenants, only qualified buyers with POF and signed NDA may receive list of properties and property rent roll.

Location

State IN

County La Porte

Zoning Residential

Interior

Interior Features Elevator

Heating Forced Air

Cooling Central Air, Window Unit(s)

Fireplace No

Exterior

Parking Features Other

Utilities Available Electricity Connected, Sewer Connected, Water Connected, Other, Natural Gas Connected, Natural Gas Available

Roof Type Mixed,Other

Building

Foundation See Remarks

Structure Type Other

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Listed by RE/MAX Lifestyles

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(219) 299-3357

listwithcarolv@gmail.com

310 E Lincolnway, Valparaiso, IN, 46383, USA