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.
Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : NRA518862
Price : $797,000
Bedrooms : 0
Rooms : 0
Bathrooms : 0
Half Bathrooms : 0
Year Built : 1910
Lot Area : 52,707.60 Sqft
Status : Active
Acres : 1.21
Property Subtype 1 : Mixed Use
Status : Active
Features
Heating System : Forced Air
Parking : Other
Interior Features : Elevator
Address Map
Country : US
State : IN
County : La Porte
City : Michigan City
Street : Ashland
Street Number : 715
Street Suffix : Street
Postal Code : 46360
Floor Number : 0
Longitude : W87° 6' 17.9''
Latitude : N41° 42' 27.1''
Directions : Properties are spread around LaPorte County.