105 Hancock Avenue, Michigan City, IN 46360
- $149,000
- 5
- BD
- 1
- BA
- 1,727
- SqFt
- List Price
- $149,000
- Price Change
- ▼ $5,000 1750878683
- MLS#
- 817470
- Status
- ACTIVE
- Bedrooms
- 5
- Bathrooms
- 1
- Living Sq. Ft
- 1,727
- County
- La Porte
- Listing Type
- Single Family Residential
- Year Built
- 1889
Property Description
Generating a solid 9.15 CAP rate, this property delivers immediate cash flow with additional upside potential for future growth. A spacious 5 BR 1 BA home offers over 1,700 square feet of living space and presents a strong investment opportunity with a long-term tenant already in place. The home features a functional layout with two bedrooms on the main level and three additional bedrooms upstairs, along with a main-floor bathroom and convenient laundry area. An enclosed front porch and rear entryway add extra usable space. The current tenant has occupied the property for many years, providing stability and consistent income, with a lease secured through March 31, 2027. The tenant is responsible for utilities, Landlord covers taxes and insurance, simplifying management. Ideally located in the economically developing Michigan City area near the Lake Michigan shoreline and the South Shore Rail Line to Chicago, this property is well-positioned for possible long-term appreciation. Showings are available Saturdays at 11:00 AM and Wednesdays at 4:00 PM, in consideration of the tenant. Schedule your in-person or virtual tour today to secure this generously sized, nicely performing investment.
Additional Information
- Sewer
- Public Sewer
- Acres
- 0.14
- Appliances
- Range, Range Hood
- Township
- Michigan
- Subdivision
- N/A
- Exterior Features
- None
- Interior Features
- Ceiling Fan(s), Eat-in Kitchen
- Property Type
- Residential
- Tax Year
- 2024
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Listing courtesy of RE/MAX Lifestyles.
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