205 E Garfield ST, Michigan City, IN 46360
205 E Garfield ST, Michigan City, IN 46360
205 E Garfield ST, Michigan City, IN 46360
14
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$274,900
Est. payment /mo
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4 Beds
5 Baths
5,073 SqFt
Price Dropped by $25K

205 E Garfield ST Michigan City, IN 46360

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Maurice Cornett

Maurice Cornett

+1(219) 781-1169

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Square Footage 5,073 sqft

Price per Sqft $54

Subdivision Sanborns 4Th Add

MLS Listing ID 843245

Bedrooms 4

Full Baths 5

HOA Y/N No

Year Built 1968

Annual Tax Amount $3,972

Tax Year 2024

Lot Size 5,074 Sqft

Acres 0.1165

Property Sub-Type Apartment

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.

Location

State IN

County La Porte

Interior

Interior Features None

Heating Natural Gas

Fireplace N

Appliance Range, Refrigerator

Exterior

Parking Features On Street, Off Street

View Y/N true

View City, Neighborhood

Building

Lot Description Other

Story Two

Sewer Public Sewer

Water Public

Level or Stories Two

Others

Tax ID 460133305005000022

Acceptable Financing NRA20260731184803363978000000

Listing Terms NRA20260731184803363978000000

Pets Allowed No

Listed by Century 21 Circle • Eric Frageman

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Maurice Cornett

Maurice Cornett

Broker Associate License ID: 19001105, 3607323, 475.201736

+1(219) 781-1169

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205 E Garfield ST