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Courtesy of RE/MAX Lifestyles, Matt Evans, Listing Contact: (219) 241-8401

Sold

1212 Kentucky Street

1212 Kentucky Street, Michigan City, IN 46360

$205,000

Step right into ownership of this turnkey 2500 SF over/under duplex investment property with a strong rental history. Classic home, nice presentation from the curb, with front porch main floor entry, and separate back entry off driveway for upstairs tenant. Wood flooring and tile. Main floor $1060 thru June 2025, upper $940 til April 2025. CAP rate is an excellent 10.4 based on income and expenses. GRM is 8.8. Vinyl siding. Fenced backyard. Unfinished basement with access for both tenants to washer & dryer hookups (washer & dryers not included = tenant's personal property). 24 Hour notice required, showings ONLY TUES 2-3 OR SAT 1-2 out of respect to the Tenants.

5
beds

2
baths

2,510 Sq.Ft. LIVING AREA

5,227 Sq.Ft. lot

Matt Evans

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

Features & Amenities

Interior

total bedrooms5
Total bathrooms2
full bathrooms2
Laundry room Common Area
other interior Features Elevator

Area & Lot

Status Sold
Date Sold March 1, 2024
Living Area2,510 Sq.Ft.
Lot Area5,227 Sq.Ft.
MLS® ID544210
TypeMulti-Family
YEAR BUILT1900
High SchoolMichigan City High School

Exterior

water SourcePublic
utilitiesElectricity Available, Natural Gas Available, Sewer Available
parkingNone, Off Street

Financial

Sales Price$205,000
Real Estate Tax $1,267/yr

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