Three-unit multi-family property featuring two occupied units currently occupied. Unit 1-900 a month, unit 3- 700 a month each. With a little TLC the rent amount can increase to 1,000 per unit. The third unit is vacant and ready for rehab, offering immediate value-add opportunity and increase rental income potential. Major improvements have already been completed, including a new gutters, new roof, new siding, new windows for all units, new hot water heaters in two units, minimizing large upfront expenses for the next owner. Rents are below market value and could exceed 1,100 with some TLC.
Basic Details
Property Type : Residential Income
Listing Type : For Sale
Listing ID : NRA839462
Price : $169,000
Bedrooms : 6
Rooms : 0
Bathrooms : 2
Half Bathrooms : 0
Year Built : 1900
Lot Area : 10,890 Sqft
Status : Active
Acres : 0.25
Property Subtype 1 : Triplex
Status : Active
Features
Heating System : Forced Air
Basement : Yes
Pet Policy : Yes
Parking : Driveway, Gravel
Interior Features : No
Appliances
Appliances : Refrigerator, Gas Range
Address Map
Country : US
State : IN
County : La Porte
City : Michigan City
Street : Porter
Street Number : 111
Street Suffix : Street
Postal Code : 46360
Floor Number : 0
Longitude : W87° 7' 7.7''
Latitude : N41° 42' 39''
Directions : Turn right off Michigan Blvd onto S Porter st arrive at 111 S Porter St located on the right side