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.
Closed
$205,000
1212 Kentucky St, Michigan City, IN 46360
5beds
2,510sqft
Duplex
Built in 1900
-- sqft lot
$220,700 Zestimate®
$82/sqft
$1,052 Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: March 01, 2024 at 12:27pm
Listed by:
Matt Evans,
RE/MAX Lifestyles 219-462-2121
Bought with:
Erica Miller, RB17000106
Coldwell Banker Real Estate Gr
Source: NIRA,MLS#: 544210
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 2
- Full bathrooms: 2
Appliances
- Laundry: Common Area
Features
- Elevator
- Basement: Partial
Interior area
- Total structure area: 2,510
- Total interior livable area: 2,510 sqft
- Finished area above ground: 2,150
Property
Parking
- Parking features: None, Off Street
Features
- Patio & porch: Porch
- Fencing: Fenced
- Frontage length: 53
Lot
- Size: 5,227 sqft
- Dimensions: 53 x 99
Details
- Parcel number: 460132139003000022
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex
Condition
- New construction: No
- Year built: 1900
Utilities & green energy
- Water: Public
- Utilities for property: Electricity Available, Natural Gas Available, Sewer Available
Community & neighborhood
Location
- Region: Michigan City
- Subdivision: None
HOA & financial
Other financial information
- Total actual rent: 24000
Other
Other facts
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional,Lease Option
- Road surface type: Gravel
Sell for more on Zillow
Get a Zillow Showcase℠ listing at no additional cost and you could sell for —faster.
$220,700
2% more+$4,414
With Zillow Showcase(estimated)$225,114