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200 N Michigan Street La Paz, IN 46537

  • 5 Beds
  • 5 Baths
  • 6,106 sq. Ft
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Property Description
Rare opportunity to settle estate. Five rental units. Could be residential or other multiple uses, as property is zoned Commercial. Former uses include drug store, restaurant, and beauty shop - the possibilities are limitless. Great spot for a Mom and Pop shop. Signage available. Two units (C and D) need updating, approximately 2,900 SF or could be suited for retail or climate controlled indoor storage. Two units currently rented (A and B, interior pictures of these two not posted), Unit E is move in ready and was occupied by previous owner. Great La Paz location close to schools and Newton Park. *Important note - This is an estate now. NET INCOME is based off low rents because previous owner was kind and kept rents low. There IS market to have the rents raised. This same owner also occupied one of the units so the income does not reflect his portion of an additional rent. When figuring net incomes, please add in for an additional unit of rent.
Address:200 N Michigan Street La Paz IN 46537
on site: 17 days
Bedrooms:5 Beds
Bathrooms:4 Full Baths, 1 Half Baths
Sq. Feet:6,106
Year Built:1920
Lot Size:0.27
County: Marshall County
Township: North
School System : Union-North United
MLS #:202128661
Property Type:Fiveplex

Lot Dimensions:135x75x140x94
Directions:North side of LaPaz on the NW corner of 1st Road and N. Michigan Street.
Total Sq. Ft. :6,106
Loan Price
Price And Interest $1,093/month
Property Tax $350/month
MTG INS $0/month
HOME INS $87/month
Down Payment %
0 %
Down Payment
Property Taxes
Home Owner Insurance
$1,044 / year
HOA Dues
$0 / Month
Interest Rate
4.75 %
Mortgage Ins.
$0 / year
Tucker Customer Care
Tucker Mortgage
Office +317-472-9201
Courtesy of Tucker Mortgage
Annual Property Tax:$2,100
Tax Year:2021
City:La Paz
Subdivision: None
Zip Code:46537
School System:Union-North United
High School:Laville
Middle School:Laville
Elementary School:Laville
Total Sq. Ft.:6,106
Tucker Customer Care, REALTOR®/Broker, F. C. Tucker Company, Inc.
Tucker Customer Care
Additional Phone (317) 954-4768
F.C. Tucker Company, Inc
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Listing provided courtesy of RE/MAX OAK CREST -PLYMOUTH.

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