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(SOLD) $500,000

000 Confidential Ave. Michigan City, IN 46360

  • 12 Beds
  • 4 Baths
  • 4,572 sq. Ft

Property Description for 1010 Cedar Street Michigan City, IN 46360

Phenomenal 4 unit transit-oriented property located just steps east of the new NICTD mixed use development and South Shore Station with solid income numbers in the Elston Grove Historic Neighborhood. Brick construction, with front and rear stairwell access. Property includes adjacent lot to north with new parking lot. Each unit is a 3/1, with thoughtful layouts, including a flex room bedroom with french doors. High ceilings and wood floors. Each unit has space for storage in locker setups in the huge basement, as well as washer & dryer hookups for the tenant's use. 9.1 CAP and a 9.9 GRM for excellent investment returns with long proven rental histories. Tenants pay all utilities, except 5th common area house meter paid by Landlord.Unit sizes estimated buyer to verify. Showings by appointment only.

Address:000 Confidential Ave.Michigan City IN 46360
Status:Sold
Sold On: 1/26/2024
Price:$500,000
Bedrooms:12 Beds
Bathrooms:4 Full Baths
Sq. Feet:4,572
Year Built:1910
Lot Size:0.12
County: LaPorte
MLS #:542568
Property Type:Income Property

Total Sq. Ft. :4,572

Loan Price
$2,816
Price And Interest $2,608/month
Property Tax $0/month
MTG INS $0/month
HOME INS $208/month
Price
$500,000
Down Payment %
0 %
Down Payment
$0
Property Taxes
$0/month
Home Owner Insurance
$2,496 / year
HOA Dues
$0 / Month
Interest Rate
4.75 %
Mortgage Ins.
$0 / year
YEARS

Mandatory HOA Fee:$

Subdivision: N/A
Zip Code:46360

Total Sq. Ft.:4,572
Total Rooms:20
Jeff Safrin, REALTOR®/Broker, F. C. Tucker Company
Jeff Safrin
Additional Phone (219) 309-9930
F.C. Tucker Company

Schools in 1010 Cedar Street Michigan City, IN  46360


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Listing provided courtesy of Matt Evans with RE/MAX Lifestyles from NIRA as distributed by MLS GRID

Based on information submitted to the MLS GRID as of 12/06/2023 12:00 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.



Michigan City Market Report

103
Avg. DOM
$216.58
Avg. $ / Sq.Ft.
$ 364,900
Med. List Price

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