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Sold

1006 W 8th Street

1006 W 8th Street, Michigan City, IN 46360

$510,000

Freshly packaged as a great look for an investor, take advantage of this 3-Pack Six Total Unit over/under duplex portfolio located at 8th, 4th, & Kentucky Streets. 15 total bedrooms, 6 total baths. Net Income of $60K, for a stellar CAP rate of 12.6% and a GRM of 7.2!! Leases are in place, some tenants are long term, but rents have escalated nicely to provide an excellent rate of return. Tenants pay utilities and have access to washer & dryer hookups.Each property is just several blocks from the Lighthouse Place Outlet and near Pullman Park fields, courts & skatepark and the transforming historic downtown. All sold AS-IS and Subject to Tenant's Rights. Showings only Tues & Sat 1:30-2:30p our of respect to our tenants.

6,187 Sq.Ft. LIVING AREA

0.39 Acres lot

Matt Evans

title Broker Owner
PHONE (219) 241-8401
EMAIL [email protected]
DRE # RB14034485

Features & Amenities

Interior

other interior Features Elevator

Area & Lot

Status Sold
Living Area6,187 Sq.Ft.
Lot Area0.39 Acres
MLS® ID540831
TypeCommercial
YEAR BUILT1873

Exterior

water SourcePublic
utilitiesElectricity Connected, Natural Gas Available, Natural Gas Connected, Sewer Connected, Water Connected
parkingPrivate
HEAT TYPEForced Air