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Off market
  • $246,500

    200 N Michigan St, Plymouth, IN 46563

    5beds
    6,106sqft
    MultiFamily
    Built in 1920
    -- sqft lot
    $246,500 Zestimate®
    $40/sqft
    $1,639 Estimated rent

    What's special

    Rare opportunity to settle estate. Five rental units. Could be residential or other multiple uses, as property is zoned Commercial. Former uses include drug store, restaurant, and beauty shop - the possibilities are limitless. Great spot for a Mom and Pop shop. Signage available. Two units (C and D) need updating, approximately 2,900 SF or could be suited for retail or climate controlled indoor storage. Two units currently rented (A and B, interior pictures of these two not posted), Unit E is move in ready and was occupied by previous owner. Great La Paz location close to schools and Newton Park. *Important note - This is an estate now. NET INCOME is based off low rents because previous owner was kind and kept rents low. There IS market to have the rents raised. This same owner also occupied one of the units so the income does not reflect his portion of an additional rent. When figuring net incomes, please add in for an additional unit of rent.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 5
    • Full bathrooms: 4
    • 1/2 bathrooms: 1
    Interior area
    • Total interior livable area: 6,106 sqft

    Property

    Lot
    • Size: 0.27 Acres

    Construction

    Type & style
    • Home type: MultiFamily
    Condition
    • Year built: 1920

    Community & neighborhood

    Location
    • Region: Plymouth
    Services availability
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