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$ 149,000
Est. payment /mo
Active
105 Hancock Avenue Michigan City, IN 46360
5 Beds
1 Bath
1,727 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 1,727 sqft
Price per Sqft $86
MLS Listing ID 817470
Bedrooms 5
Full Baths 1
Year Built 1889
Annual Tax Amount $1,332
Tax Year 2024
Lot Size 6,250 Sqft
Property Sub-Type Single Family Residence
Property Description
Generating a solid 9.15 CAP rate, this property delivers immediate cash flow with additional upside potential for future growth. A spacious 5 BR 1 BA home offers over 1,700 square feet of living space and presents a strong investment opportunity with a long-term tenant already in place. The home features a functional layout with two bedrooms on the main level and three additional bedrooms upstairs, along with a main-floor bathroom and convenient laundry area. An enclosed front porch and rear entryway add extra usable space. The current tenant has occupied the property for many years, providing stability and consistent income, with a lease secured through March 31, 2027. The tenant is responsible for utilities, Landlord covers taxes and insurance, simplifying management. Ideally located in the economically developing Michigan City area near the Lake Michigan shoreline and the South Shore Rail Line to Chicago, this property is well-positioned for possible long-term appreciation. Showings are available Saturdays at 11:00 AM and Wednesdays at 4:00 PM, in consideration of the tenant. Schedule your in-person or virtual tour today to secure this generously sized, nicely performing investment.
Location
State IN
County La Porte
Rooms
Basement Crawl Space
Interior
Interior Features Ceiling Fan(s), Eat-in Kitchen
Heating Forced Air, Natural Gas
Cooling None
Fireplace No
Appliance Range, Range Hood
Exterior
Exterior Feature None
Building
Lot Description Back Yard
Schools
School District Michigan City
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Listed by RE/MAX Lifestyles
