$ 260,000
1516 Lafayette ST Michigan City, IN 46360
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$ 260,000
Est. payment | /mo
5 Beds
3 Baths
5,584 SqFt
$ 260,000
Est. payment | /mo
5 Beds
3 Baths
5,584 SqFt
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 5,584 sqft
Price per Sqft $46
Subdivision Sanborns Add 02
MLS Listing ID 801265
Bedrooms 5
Full Baths 3
Year Built 1876
Annual Tax Amount $2,374
Tax Year 2023
Lot Size 5,584 Sqft
Acres 0.1282
Property Description
Fully leased, completely remodeled investment property in the Michigan City! 3 unit with total of 5 BR & 3 BA (3 bed/1 bath, 1 bed/1 bath, large 1 bed/1 bath), 1 unit up and 2 on the main level. New windows, roof, plumbing, furnaces and all interior finishes. Gas & electric paid by Tenants, water/sewer is landlord paid. Total monthly rent of $2,700/mo and units are leased to June '25, Nov '24, and Apr '25 CAP rate is over 9.0. Close to the brand new south shore station for an easy trip to Chicago, South Bend, or in between.
Location
State IN
County La Porte
Interior
Interior Features None
Heating Forced Air, Natural Gas
Fireplace N
Appliance Dishwasher, Refrigerator, Washer, Gas Range, Dryer
Exterior
Exterior Feature None
View Y/N true
View true
Building
Lot Description Corner Lot
Story Two
Others
Tax ID 46-01-33-158-014.000-022
SqFt Source Assessor
Acceptable Financing NRA20240325151033227577000000
Listing Terms NRA20240325151033227577000000
Listed by Harbor & Lake Real Estate, LLC