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.
Listed By
Agency Name: Century 21 Circle
Agency Phone: (219) 874-2121
Shown By
Agent Name: Rita Beaty
Agent Phone: (219) 575-2534
Agency Title: Coldwell Banker 1st Choice
Coldwell Banker 1st Choice Rita Beaty (219) 575-2534
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205 E Garfield Street , Michigan City, IN 46360.
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205 E Garfield Street , Michigan City, IN 46360.
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205 E Garfield Street | MLS# 843245
This multi-family property located at 205 E Garfield Street , Michigan City, IN 46360 is currently listed for sale with an asking price of $299,900. Search Michigan City real estate on www.ritabeaty.com today.