SOLD
$125,000
Date 04/28/2017

1014 Michigan Avenue
LaPorte, IN 46350

Multi-Family
Residence
4
Beds
0.21
Acre Lot
1of
Photos
Map
Courtesy: McColly Real Estate
Beautiful 1880 Victorian.Complete turnkey.Fully rented on annual leases w/ $20,000+ annual return .Opportunity exists for increasing that return.Deposits received from tenants. it's rarely vacant.Current owner states receiving a steady flow of interest for 15 yrs.So tenants line up for this place.Unique Victorian wood-work invites prospective tenants.Located 1 block north of police dpt & 4 blocks to downtown on Michigan Ave. Recent major repairs completed include: New Roof - 2011, new flat roofs - 2013,100 year exterior warranty paint in 2010, reinforced & reconstructed foundational walls in 2013.Gas forced air furnace supplies heat to all units. It's controlled through a password-protected thermostat accessed by the landlord.Pets are permitted if in the lease.Private parking for tenants in the rear. Fantastic for first time and experienced investors as it's a beautiful addition to a portfolio.Pics taken when vacant to convey the beauty of property.
398316
Multi-Family, Other
4
LaPorte
1880
0.21 sq. ft
School Rating Out of 10
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Courtesy: McColly Real Estate
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