Rental collection in Michigan City
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Rental collection in Michigan City
2 Multifamily Properties Offered at $797,000 in Multiple Locations
Executive Summary
Unique opportunity to acquire a turnkey single family investment home collection in the energized Lake Michigan community of Michigan City, Indiana. Currently going through transformative redevelopment projects related to the shoreline and the South Shore double tracking project, Michigan City is seeing great interest and investment, to the tune of hundreds of millions in new projects. This downtown housing collection offers an investor a turnkey opportunity to get a 9.1 CAP on the investment. Currently consists of 5 homes & 1 lot ready for your ownership. Tenants pay all utilities. Laundry machines are not included in the sale, but most kitchen appliances are. Out of respect to our seller and tenants, only qualified buyers with POF and signed NDA may receive list of properties and property rent roll.
Taxes & Operating Expenses (Actual - 2023) Click Here to Access |
Annual |
|---|---|
| Gross Rental Income |
$99,999
|
| Other Income |
-
|
| Vacancy Loss |
-
|
| Effective Gross Income |
$99,999
|
| Taxes |
-
|
| Operating Expenses |
-
|
| Total Expenses |
$99,999
|
| Net Operating Income |
$99,999
|
Taxes & Operating Expenses (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Other Income | |
|---|---|
| Annual | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Taxes | |
|---|---|
| Annual | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
Property Facts
| Price | $797,000 | Number of Properties | 2 |
| Price / SF | $11.03 / SF | Individually For Sale | 0 |
| Sale Type | Investment | Total Building Size | 72,254 SF |
| Status | Active | Total Land Area | 0.39 AC |
| Price | $797,000 |
| Price / SF | $11.03 / SF |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 72,254 SF |
| Total Land Area | 0.39 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 504 Bach St, La Porte, IN 46350 | Multifamily | 70,044 SF | 1948 | - |
| 1006 W 8th St, Michigan City, IN 46360 | Multifamily | 2,210 SF | 1873 | - |
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Rental collection in Michigan City
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