$135,000
$150,000
10.0%For more information regarding the value of a property, please contact us for a free consultation.
3 Beds
2 Baths
1,572 SqFt
SOLD DATE : 03/22/2024
Key Details
Sold Price $135,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 1,572 sqft
Price per Sqft $85
Subdivision Elstons 02 South Add
MLS Listing ID 542414
Sold Date 03/22/24
Bedrooms 3
Full Baths 2
Year Built 1860
Tax Year 2023
Lot Size 5,009 Sqft
Acres 0.115
Lot Dimensions 27 x 167
Property Description
Established two unit residential property on the edge of downtown Michigan City conveniently close to restaurants, shopping, beach, and the new double track providing access to downtown Chicago in 45 minutesBoth units are currently occupied on short-term leases that could be extended individually or together, or occupy and collect rent to pay your mortgage.The main-level unit offers a living room, kitchen, two bedrooms and a bathroom, currently renting under market for $800/mo by good tenants who would resign. The upstairs unit is well decorated and currently used as an Air B&B, and the rent roll shows gross rents of nearly $20,000 in 2023. Total income for both units is nearly $30,000.Opportunity to own real estate close to the center of growing Michigan City. Live and rent or use as a place to stay while visiting in the area.
Location
State IN
County La Porte
Interior
Interior Features Elevator
Fireplace N
Exterior
View Y/N true
View true
Others
Tax ID 460129453012000022
SqFt Source Assessor
Acceptable Financing NRA20240130154617903376000000
Listing Terms NRA20240130154617903376000000
Financing Cash
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Bought with Coldwell Banker Realty