Fantastic opportunity to own a newer duplex investment property with a solid CAP rate of 10.2 and a GRM of 9.1. Located on the west side of Michigan City near the south shore line, this property offers 2 units each 1,000 SF+ with 3 bedrooms and 1 bath. Laundry hookups. Poured concrete driveway parking pads and back patios. Solid rental history, both occupied with current leases. 613 N unit is $1140 thru Nov 2024. 615 S is $1140 thru July 2025. Utilties are separated, and tenants pay all utilities. Situated on nearly a 1/4 acre with nice sized backyard. Sold AS-IS. Washers & dryers are excluded as Tenant's property.
Closed
$250,000
613-615 Carlon Ct, Michigan City, IN 46360
6beds
2,088sqft
Duplex
Built in 2003
-- sqft lot
$281,000 Zestimate®
$120/sqft
$1,414 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:
Rhonda Strouble, RB14044143
Evers Realty Group
Source: NIRA,MLS#: 544135
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 2
- Full bathrooms: 2
Features
- Elevator
- Has basement: No
Interior area
- Total structure area: 2,088
- Total interior livable area: 2,088 sqft
Property
Parking
- Parking features: Off Street
Features
- Frontage length: 80
Lot
- Size: 10,018 sqft
- Dimensions: 80 x 125
Details
- Parcel number: 460131238036000022
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex
Condition
- New construction: No
- Year built: 2003
Utilities & green energy
- Water: Public
- Utilities for property: Electricity Available, Natural Gas Available, Sewer Available
Community & neighborhood
Location
- Region: Michigan City
- Subdivision: Donnellys Add
HOA & financial
Other financial information
- Total actual rent: 27360
Other
Other facts
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional,Lease Option
- Road surface type: Concrete
Sell with ease on Zillow
Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
$281,000
2% more+$5,620
With Zillow Showcase(estimated)$286,620