111 S Porter Street, Michigan City, IN 46360
- $169,000
- 6
- BD
- 2
- BA
- List Price
- $169,000
- Days on Market
- 66
- MLS#
- 839462
- Status
- ACTIVE
- Type
- Multifamily
- Bedrooms
- 6
- Bathrooms
- 2
- Full-baths
- 2
- Neighborhood
- Cheneys Sub
Property Description
MOTIVATED SELLER! Three-unit multi-family property featuring two occupied units currently occupied. Unit 1-900 a month, unit 3- 700 a month each. With a little TLC the rent amount can increase to 1,000 per unit. The third unit is vacant and ready for rehab, offering immediate value-add opportunity and increase rental income potential. Major improvements have already been completed, including a new gutters, new roof, new siding, new windows for all units, new hot water heaters in two units, minimizing large upfront expenses for the next owner. Rents are below market value and could exceed 1,100 with some TLC.
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Additional Information
- Taxes
- $1,322
- Acres
- 0.25
- Appliances
- Gas Range, Refrigerator
- Basement
- Yes
- Heating
- Forced Air
- Sewer
- Public Sewer
- Water
- Public
Mortgage Calculator
Listing courtesy of Listing Agent: Heather Conley from Listing Office: @properties/Christie's Intl RE.
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