$ 1,092,000
715 W Ashland ST Michigan City, IN 46360
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$ 1,092,000
Est. payment | /mo
5,773 SqFt
$ 1,092,000
Est. payment | /mo
5,773 SqFt
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 5,773 sqft
Price per Sqft $189
Subdivision Orr & Cobbs Add
MLS Listing ID 518862
Year Built 1910
Annual Tax Amount $11,558
Tax Year 2023
Lot Size 1.210 Acres
Acres 1.21
Lot Dimensions IRR
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 7 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
Fireplace N
Exterior
View Y/N true
View true
Others
Tax ID 46-01-31-231-025.000-022
Acceptable Financing NRA20240111130302494847000000
Listing Terms NRA20240111130302494847000000
Listed by RE/MAX Lifestyles