$260,000
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1516 Lafayette Street Michigan City, IN 46360
Triplex
Residence
5
Beds
3
Baths
...
Bed/Bath
Sq. Ft.
Property Activity
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Fully leased, completely remodeled investment property in the Michigan City! 3 unit with total of 5 BR & 3 BA (3 bed/1 bath, 1 bed/1 bath, large 1 bed/1 bath), 1 unit up and 2 on the main level. New windows, roof, plumbing, furnaces and all interior finishes. Gas & electric paid by Tenants, water/se...wer is landlord paid. Total monthly rent of $2,700/mo and units are leased to June '25, Nov '24, and Apr '25 CAP rate is over 9.0. Close to the brand new south shore station for an easy trip to Chicago, South Bend, or in between.
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MLS#
801265
Property Type
Triplex
Bedrooms
5
Bathrooms
3 Full
Year Built
1876
Stories
2.0
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