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.

©2024 Northwest Indiana REALTOR Association. All rights reserved.

 

Powered byLuxury Presence