Active
715 W Ashland Street
Michigan City IN, 46360
$1,092,000
$189.16 per sqft
Active
5,773 sqft
Commercial
Built in 1910
Unique opportunity to acquire a turnkey single family investment home collection in the energized Lake Michigan community of Michigan City, Indiana. Currently going through transformative redevelopment projects related to the shoreline and the South Shore double-tracking project, Michigan City is seeing great interest and investment, to the tune of hundreds of millions in new projects. This downtown housing collection offers an investor a turnkey opportunity to get a 9.1 CAP on the investment. Currently consists of 7 homes & 1 lot ready for your ownership. Tenants pay all utilities. Laundry machines are not included in the sale, but most kitchen appliances are. Out of respect to our seller and tenants, only qualified buyers with POF and signed NDA may receive list of properties and property rent roll.
518862
MLSⓇ ID
August 30, 2022
Listed
November 4, 2024
Updated
Map
715 W Ashland Street
Michigan City IN, 46360
Interior Features
Interior Features
Elevator
Fireplace
No
Cooling
Yes
Cooling Description
Central Air, Window Unit(s)
Heating
Yes
Heating Description
Forced Air
Exterior/Building Features
Lot Size
1.21 Acres
Roof
Mixed, Other
Other Property Details
Taxes
$11,558
Tax Frequency
Annually
Days on Market
797
Garage
No
Parking
Other
Parking Total
5
View
No
County
La Porte
Municipality
Michigan
Pool
No
Zoning
Residential
Listing History
Date | Event | Price |
---|---|---|
10/1/2024 | Price change | $1,092,000 -21% |
9/9/2024 | Price change | $1,371,500 30% |
8/21/2024 | Price change | $1,049,500 -48% |
6/27/2024 | Price change | $1,995,000 -19% |
4/12/2024 | Price change | $2,449,000 -60% |
1/29/2024 | Price change | $6,020,500 -17% |
11/14/2023 | Price change | $7,185,500 -9% |
Courtesy of RE/MAX Lifestyles, Matt Evans,
Listing Contact:
The data relating to real estate for sale on this web site comes in part from the Northwest Indiana REALTOR Association. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Lesley Sweeney shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Property locations as displayed on any map are best approximations only and exact locations should be independently verified.
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