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$245,000
Est. payment /mo
5 Beds
2 Baths
5,565 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 5,565 sqft
Price per Sqft $44
Subdivision Orr & Cobbs Add
MLS Listing ID 817362
Bedrooms 5
Full Baths 2
Year Built 1890
Annual Tax Amount $2,728
Tax Year 2023
Lot Size 5,566 Sqft
Acres 0.1278
Property Sub-Type Duplex
Property Description
Rewarding investment property to fit in your portfolio! This 2-unit beauty is in the coveted Elston Grove neighborhood. Enjoy the convenience of a short walk to downtown Michigan City, where you'll find a variety of restaurants, the new South Shore train station, and Lake Michigan public beach. This classic charmer is move-in ready, offering an impressive 24,900 in annual income and a pro forma potential of 27,900. Plus, the roof and roof decking were newly installed in October 2022! Separate electric and gas meters with the opportunity to inherit the property manager already in place. Opportunities like this are rare--lock it up today!
Location
State IN
County La Porte
Interior
Interior Features Other
Heating Forced Air, Natural Gas
Fireplace N
Appliance Range, Refrigerator
Exterior
Exterior Feature None
View Y/N true
View true
Building
Lot Description Corner Lot
Story Two
Schools
School District Michigan City
Others
Tax ID 460128309007000022
SqFt Source Assessor
Acceptable Financing NRA20250305215453662707000000
Listing Terms NRA20250305215453662707000000
Pets Allowed Yes
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Listed by @properties/Christie's Intl RE