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205 E Garfield Street , Michigan City, IN 46360 Photo
205 E Garfield Street , Michigan City, IN 46360 Photo
205 E Garfield Street , Michigan City, IN 46360 Photo
205 E Garfield Street , Michigan City, IN 46360 Photo
205 E Garfield Street , Michigan City, IN 46360 Photo
205 E Garfield Street , Michigan City, IN 46360 Photo
205 E Garfield Street , Michigan City, IN 46360 Photo
205 E Garfield Street , Michigan City, IN 46360 Photo
205 E Garfield Street , Michigan City, IN 46360 Photo
205 E Garfield Street , Michigan City, IN 46360 Photo
205 E Garfield Street , Michigan City, IN 46360 Photo
205 E Garfield Street , Michigan City, IN 46360 Photo
205 E Garfield Street , Michigan City, IN 46360 Photo
205 E Garfield Street , Michigan City, IN 46360 Photo
205 E Garfield Street , Michigan City, IN 46360 Photo
205 E Garfield Street , Michigan City, IN 46360 Photo
205 E Garfield Street , Michigan City, IN 46360 Photo
205 E Garfield Street , Michigan City, IN 46360 Photo
205 E Garfield Street , Michigan City, IN 46360 Photo
205 E Garfield Street , Michigan City, IN 46360 Photo
205 E Garfield Street , Michigan City, IN 46360 Photo
205 E Garfield Street , Michigan City, IN 46360 Photo
205 E Garfield Street , Michigan City, IN 46360 Photo
205 E Garfield Street , Michigan City, IN 46360 Photo
205 E Garfield Street , Michigan City, IN 46360 Photo
205 E Garfield Street , Michigan City, IN 46360 Photo
205 E Garfield Street , Michigan City, IN 46360 Photo
205 E Garfield Street , Michigan City, IN 46360 Photo

14 Total Photos [Click to View All]

$299,900
Status: Active
205 E Garfield Street Michigan City, IN 46360
  • 4
    Bedrooms
  • 5
    Total Baths
  • Square Feet
  • 0.12
    Acres
  • 1968
    Year Built
  • HOA

Property Description

Excellent opportunity to add a versatile mixed-use investment property to your portfolio. This income-producing property features four two-bedroom residential units along with one (1) commercial space, offering multiple income streams in a convenient Michigan City location. The property is currently generating over 2,500 per month in rental income. All residential units are occupied on verbal month-to-month rental agreements, providing flexibility for future management and leasing strategies. The commercail space is vacant and is awaiting your next project. Conveniently located in the 46360 area of Michigan City, the property is situated just off a public bus route and offers easy access to many of the area's amenities. Enjoy proximity to Lake Michigan's shoreline and beaches, shopping, dining, entertainment, the casino, and rail service, making this a desirable location for both residential and commercial tenants. Whether you're expanding your investment portfolio or seeking a mixed-use property with immediate cash flow and future potential, this property presents an outstanding opportunity. Buyer to verify all measurements, rental information, zoning, and permitted uses. Michigan City is short term rental friendly.

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Listed By / Shown By

Listed By

Broker Name: Century 21 Circle
Broker Phone: (219) 874-2121

Shown By

Broker Title: Cressy & Everett Real Estate
Broker Phone:

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Property Features

MLS Number: 843245
Subdivision: Sanborns 4th Add
County: La Porte
Bedrooms: 4
Total Square Feet: 0
New Constuction: No
Construction:
Waterfront: No
Property Type: Multi Unit - Multiple
Heating: Natural Gas
Lot Size: 0.12 Acres
Stories: 2.0
Taxes: $3,972
Year Built: 1968

Appliances

Range
Refrigerator

Feature Descriptions

Days on CressyEverett.com: 1
Parking Features: On Street, Off Street
Rent Includes: See Remarks, Water, Sewer
Rooms Total: 12
Sewer: Public Sewer
Utilities: Cable Available, Sewer Connected, Natural Gas Connected, Electricity Connected
Water: Public

Location

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Estimated Payment

$ 1,903.51 per month $1,485.04 Principal & Interest $331.00 Property Tax $87.47 Homeowner's Insurance

Change Payment Information

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years/fixed
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yearly (est.)
(Payments are an estimate and may vary by lender)

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