This 3 bedroom 1 bath ranch-style home on over 1/3 acre corner lot is being offered to the market as an investment property opportunity, sold only with adjoining property at 309 Grace, listed as a package. Gross income combined of $60,000, with a 9.3 CAP rate. See MLS# 800432. 9.3 Cap rate, $1,300 monthly gross on this one at 315 Grace and tenant pays all utilities. Home is sold AS-IS. Sold with possession subject to Tenant's rights. Tenant's personal property is excluded. Any personal property from landlord will stay in basement. Solid rental history. Prequalified buyers only.
Closed
$147,000
315 Grace St, Michigan City, IN 46360
3beds
1,143sqft
Single Family Residence
Built in 1953
0.37 Acres Lot
$162,500 Zestimate®
$129/sqft
$1,406 Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: April 26, 2024 at 08:46am
Listed by:
Matt Evans,
RE/MAX Lifestyles 219-462-2121
Bought with:
Matt Evans, RB14034485
RE/MAX Lifestyles
Source: NIRA,MLS#: 800434
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 1
- Full bathrooms: 1
Primary bedroom
- Description: Estimated, Buyer to verify
- Area: 120
- Dimensions: 10.0 x 12.0
Bedroom 2
- Description: Estimated, Buyer to verify
- Area: 120
- Dimensions: 10.0 x 12.0
Bedroom 3
- Description: Estimated, Buyer to verify
- Area: 100
- Dimensions: 10.0 x 10.0
Kitchen
- Description: Estimated, Buyer to verify
- Area: 154
- Dimensions: 11.0 x 14.0
Living room
- Description: Estimated, Buyer to verify
- Area: 154
- Dimensions: 11.0 x 14.0
Heating
- Natural Gas
Appliances
- Included: Refrigerator
Features
- None
- Basement: Unfinished
- Has fireplace: No
Interior area
- Total structure area: 1,143
- Total interior livable area: 1,143 sqft
- Finished area above ground: 1,143
Property
Parking
- Parking features: Driveway, Off Street
- Has uncovered spaces: Yes
Features
- Levels: One
- Exterior features: None
- Pool features: None
- Has view: Yes
- View description: None
Lot
- Size: 0.37 Acres
- Dimensions: 164 x 98
- Features: Corner Lot
Details
- Parcel number: 460128437005.000022
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subtype: Single Family Residence
Condition
- New construction: No
- Year built: 1953
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Community & neighborhood
Community
- Community features: None
Location
- Region: Michigan City
Other
Other facts
- Listing agreement: Exclusive Right To Sell
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$162,500
2% more+$3,250
With Zillow Showcase(estimated)$165,750