REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 169,000
Est. payment /mo
New
111 S Porter Street Michigan City, IN 46360
6 Beds
2 Baths
0.25 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Subdivision Cheneys Sub
MLS Listing ID 839462
Bedrooms 6
Full Baths 2
Year Built 1900
Annual Tax Amount $1,322
Tax Year 2024
Lot Size 10,890 Sqft
Property Sub-Type Triplex
Property Description
Three-unit multi-family property featuring two occupied units currently occupied. Unit 1-900 a month, unit 3- 700 a month each. With a little TLC the rent amount can increase to 1,000 per unit. The third unit is vacant and ready for rehab, offering immediate value-add opportunity and increase rental income potential. Major improvements have already been completed, including a new gutters, new roof, new siding, new windows for all units, new hot water heaters in two units, minimizing large upfront expenses for the next owner. Rents are below market value and could exceed 1,100 with some TLC.
Location
State IN
County La Porte
Rooms
Basement Unfinished
Interior
Interior Features None
Heating Forced Air
Cooling Central Air, None
Flooring Laminate
Fireplace No
Appliance Gas Range, Refrigerator
Exterior
Parking Features Driveway, Gravel
Roof Type Asphalt
Building
Lot Description Back Yard, Private
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Listed by @properties/Christie's Intl RE
