Main characteristics
- Property type
- House / Home
- Type of ad
- For Sale
- Location
- Michigan City, Indiana
- Price
- $150,000
- Square footage
- 1,572 sqft
- Plot area
- 5009.4 sqft
- Number of bedrooms
- 2
- Year of construction
- 1860
Amenities
- Garage
- None
Property summary
Established two unit residential property on edge of downtown Michigan City conveniently close to restaurants, shopping, beach, and the new double track providing access to downtown Chicago in 45 minutesBoth units are currently occupied on short-term leases that could be extended individually or together, or occupy and collect rent to pay your mortgage!The main-level unit offers a living room, kitchen, two bedrooms and a bathroom, currently renting under market for $900/mo. The upstairs unit is well decorated and currently used as an Air B&B, and the rent roll shows gross rents of nearly $20,000 in 2023! Total income for both units is nearly $30,000.Opportunity to own real estate close to the center of growing Michigan City. Live and rent or use as a place to stay while visiting in the area. This property offers many attractive opportunities and is offered for both FHA and VA as well as conventional and insured conventional financing. Ask about possible financing incentives.