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3960 E Bellefontaine Road, Hamilton, IN 46742


Sold For: 500000

Sold on: Dec 6th, 2024
$ Per Square Foot: $107.85
Beds: 6
Baths: 6 full
Days on Market: 283

Comments for 3960 E Bellefontaine Road, Hamilton, IN 46742

Discover a rare investment opportunity in the heart of Hamilton, Indiana a 6-unit mixed-use property with 60 feet of lake frontage on Hamilton Lake. Nestled in a thriving lake community, this property presents a variety of potential uses. The current setup includes three 1-bedroom apartments for stable long-term rentals, and a fully furnished 3-bedroom apartment catering to the burgeoning demand for turnkey short-term rentals. Two storefront commercial spaces situated ideally at the main hub of Hamilton's activity offer prime visibility for businesses. Not to mention 4 dock slips that you can rent to others and use for yourself! Convenience is key with a private off-street driveway and a 1-car detached garage for added storage. Currently cash flowing, this property holds the promise of increased returns. Imagine running a multi-unit short-term rental business, leasing out office spaces, and enjoying a dock slip for your boat. Hamilton Lake, an all-sports lake spanning 800 acres, offers fishing, boating, and water recreation. Nearby golf courses and lakefront restaurants accessible by boat add to the appeal. Abundant options make this property a great setup for several use scenarios. Run a multi-unit Short Term Rental business and rent the commercial spaces to local businesses. Live in one unit, use a commercial space for your business, and let the remaining units contribute to covering your investment. Within walking distance to the public beach, adjacent to the popular Howie's on Hamilton restaurant, and part of a golf cart community, this property embodies value in a growing lake town. Seize the opportunity to own a piece of Hamilton's lakeside charm where imagination knows no bounds, and the potential for this value-add property is as vast as the lake itself.

Above Grade Finished SQFT: 3336 Lot Dimensions: 60 X 146
Amenities: Basement, Ceiling Fan, Fireplace, Off Street Parking, Deck Open, Deck on Waterfront, Garage Door Opener, Patio Covered, Patio Open Lot Size: 0.20 Acres
Basement/ Foundation: Walk-Out Basement Owner Pays: Lawn Maintenance, Snow Removal, Trash Collection
Below Grade Finished SQFT: 1300 Roof Type: Flat, Metal
Cooling: Window Sale Inclusions: Building, Land, Lease
Days on Market: 283 Sewer: City
Exterior: Block, Vinyl Tenant Pays: Cable, Electric, Heating
Heating: Gas, Baseboard, Forced Air Total Finished SQFT: 4636
Lake Features: Ski Lake Units: 6
Lake Name: Hamilton Lake Water: City
Location: City/Town/Suburb, Lake Year Built: 1885
Lot Description: Lake, Level, Waterfront, Water View  
High School: Hamilton
Middle School: Hamilton Middle
Elementary School: Hamilton
School District: Hamilton Community

Listed By

Agency Name: Anchor Realty
Agency Phone: 260-402-0744
Agent Name: Scott Marker

Shown By

Agency Title: Cressy & Everett Real Estate
Agency Phone:

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