This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/1
1006 W 8th Street, Michigan City, IN 46360
$510,000
1006 W 8th Street, Michigan City, IN 46360View this property at 1006 W 8th Street, Michigan City, IN 46360
1006 W 8th StreetMichigan CityIN46360
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/1
Property Description
Freshly packaged as a great look for an investor, take advantage of this 3-Pack Six Total Unit over/under duplex portfolio located at 8th, 4th, & Kentucky Streets. 15 total bedrooms, 6 total baths. Net Income of $60K, for a stellar CAP rate of 12.6% and a GRM of 7.2!! Leases are in place, some tenants are long term, but rents have escalated nicely to provide an excellent rate of return. Tenants pay utilities and have access to washer & dryer hookups.Each property is just several blocks from the Lighthouse Place Outlet and near Pullman Park fields, courts & skatepark and the transforming historic downtown. All sold AS-IS and Subject to Tenant's Rights. Showings only Tues & Sat 1:30-2:30p our of respect to our tenants.
Full Property Details
Full Property Details for 1006 W 8th St
General
- Sold For: $510,000
- Status: Closed
- Type: Commercial Multi-Family
- MLS ID: 540831
- Added to Site: 187 day(s) ago
Exterior
- Exterior Features: Other
Parking
- Parking Features: Private
Location
- County: LaPorte
- Subdivision: N/A
- Driving Directions: See each MLS Listing for directions to each property.
Heating & Cooling
- Heating Type: Forced Air
Structural Information
- Square Feet: 6,187
- Year Built: 1873
Lot Features
- Lot Size (Acres): 0.39
- Lot Size (Sq. Ft.): 16,988
- Lot Dimensions: various
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2.25%
- Property ID: 460129358011000022
Listed by RE/MAX Lifestyles
Sold by Listing Leaders Northwest
Get Pre-Approved Today
Schools
Schools serving 1006 W 8th St
School District:Michigan City Area Schools
Rating | Name | Grades | Distance |
---|---|---|---|
1660 County Line Rd, Michigan City, IN 46360 | PK-5 | 2.8 mi | |
319 Barker Rd, Michigan City, IN 46360 | 6-8 | 2.1 mi | |
8466 W Pahs Rd, Michigan City, IN 46360 | 9-12 | 3.3 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1006 W 8th St
Date
Details
Price
Change
Source
12/19/2023
Sold
$510,000
6.25%
MLS
10/27/2023
Listed
$480,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1006 W 8th Street, Michigan City, IN 46360 (MLS# 540831) is a Commercial Multi-Family property that was sold at $510,000 on December 19, 2023. Want to learn more about 1006 W 8th Street? Do you have questions about finding other Commercial Multi-Family real estate for sale in Michigan City? You can browse all Michigan City real estate or contact a Coldwell Banker agent to request more information.