Nestled in the block next to Marquette School sits this wonderful over/under duplex that has a strong rental history and spacious interior living space and bedrooms. Offering over 2720 SF of finished space, with 7 bedrooms and 3 baths total, the rental tenants will love their space. CAP rate is 11.5 with a GRM of 7.9 based on seller financial numbers. Separate entrances for each tenant, and to the unfinished basement. Main floor comes with stove, frig, microwave, dishwasher & washer & dryer. Upper has stove, frig, and microwave. Located just south of the outlet malls in the heart of the energized renewal of Michigan City, arrange your showing and make this investment yours.
Closed
$225,000
515 W 10th St, Michigan City, IN 46360
7beds
2,720sqft
Duplex
Built in 1937
-- sqft lot
$249,700 Zestimate®
$83/sqft
$1,119 Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: February 28, 2024 at 02:37pm
Listed by:
Matt Evans,
RE/MAX Lifestyles 219-462-2121
Bought with:
Carson Brand, RB22000962
Coldwell Banker Market Connect
Source: NIRA,MLS#: 542558
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 3
- Full bathrooms: 3
Appliances
- Laundry: In Unit, Other
Features
- Elevator
- Basement: Full
Interior area
- Total structure area: 2,720
- Total interior livable area: 2,720 sqft
Property
Parking
- Parking features: None
Features
- Frontage length: 37
Lot
- Size: 1,742 sqft
- Dimensions: 37 x 46
Details
- Parcel number: 460129389004000022
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex
Condition
- New construction: No
- Year built: 1937
Utilities & green energy
- Water: Public
- Utilities for property: Electricity Available, Natural Gas Available, Sewer Available
Community & neighborhood
Location
- Region: Michigan City
HOA & financial
Other financial information
- Total actual rent: 27040
Other
Other facts
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional
Sell with ease on Zillow
Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
$249,700
2% more+$4,994
With Zillow Showcase(estimated)$254,694