1516 LAFAYETTE ST
MICHIGAN CITY, IN 46360
$265,000
5 Beds
3 Baths
2,416 Sq Ft
Status Active
MLS# 801265
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/sewer 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.
Details for 1516 LAFAYETTE ST
Built in 1876
$110 / Sq Ft
3 parking spaces
None
Forced Air, Natural Gas
41 Days on website
0.1282 acres lot
Area Information for 1516 LAFAYETTE ST
