Discover a rare investment opportunity in the heart of Hamilton, Indiana â?? a 6-unit mixed-use property with 60 feet of lake frontage on Hamilton Lake. Nestled in a thriving lake community, this property presents a variety of potential uses. The current setup includes three 1-bedroom apartments for stable long-term rentals, and a fully furnished 3-bedroom apartment catering to the burgeoning demand for turnkey short-term rentals. Two storefront commercial spaces situated ideally at the main hub of Hamilton's activity offer prime visibility for businesses. Not to mention 4 dock slips that you can rent to others and use for yourself! Convenience is key with a private off-street driveway and a 1-car detached garage for added storage. Currently cash flowing, this property holds the promise of increased returns. Imagine running a multi-unit short-term rental business, leasing out office spaces, and enjoying a dock slip for your boat. Hamilton Lake, an all-sports lake spanning 800 acres, offers fishing, boating, and water recreation. Nearby golf courses and lakefront restaurants accessible by boat add to the appeal. Abundant options make this property a great setup for several use scenarios. Run a multi-unit Short Term Rental business and rent the commercial spaces to local businesses. Live in one unit, use a commercial space for your business, and let the remaining units contribute to covering your investment. Within walking distance to the public beach, adjacent to the popular Howie's on Hamilton restaurant, and part of a golf cart community, this property embodies value in a growing lake town. Seize the opportunity to own a piece of Hamilton's lakeside charm â?? where imagination knows no bounds, and the potential for this value-add property is as vast as the lake itself.
Hamilton is located in Indiana. Hamilton, Indiana has a population of 1,516. Hamilton is less family-centric than the surrounding county with 23.24% of the households containing married families with children. The county average for households married with children is 29.23%.
The median household income in Hamilton, Indiana is $50,000. The median household income for the surrounding county is $52,749 compared to the national median of $57,652. The median age of people living in Hamilton is 47.7 years.
The average high temperature in July is 82.4 degrees, with an average low temperature in January of 15.1 degrees. The average rainfall is approximately 37.8 inches per year, with 36.7 inches of snow per year.
