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Single Family Residence - Michigan City, IN
With over 1700 SF this 5 bedroom 1 bathroom home is being sold as an investment property with long term tenant in place! CAP rate for investor at 8.1, with great upside potential. Current tenant has been there many years, so lease rate considers that loyalty. 2 bedrooms on the main floor, plus another 3 bedrooms upstairs. Main floor bath and laundry room. Enclosed front porch and back entryway. Current lease thru March 31, 2026. Tenant pays utility bills, landlord pays taxes and insurance. Park your investment in the economically developing Michigan City area near the Lake Michigan shoreline. By Appt ONLY. Schedule your in-person or virtual tour today, times slots available are SATs at 11 am and TUESs at 4 pm out of respect to Tenant.
Copyright © 2025 Greater Northwest Indiana Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed ...
Copyright © 2025 Greater Northwest Indiana Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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