205 E Garfield Street, Michigan City, IN 46360
- $299,900
- 4
- BD
- 5
- BA
- List Price
- $299,900
- MLS#
- 843245
- Status
- ACTIVE
- County
- La Porte
- Listing Type
- Multifamily
- Year Built
- 1968
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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Additional Information
- Acres
- 0.12
- Property Type
- Residential Income
- Status
- ACTIVE
- Subdivision
- Sanborns 4th Add
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Listing courtesy of Century 21 Circle.
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