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Est. payment /mo
4 Beds
5 Baths
5,074 Sqft Lot
Price Dropped by $25K
205 E Garfield Street Michigan City, IN 46360
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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 SCHOOL & BUSINESS
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