409 York StMichigan City, IN 46360

Property Details for 409 York St

Year built

1914

Property size (Sq ft)

1,920 SF

Property type

Residential income properties

Property subtype

Multifamily properties

Description

This exceptional investment opportunity presents a beautifully updated two-unit apartment building situated in the heart of downtown Michigan City, Indiana. The property, located at 409 York Street, boasts a prime location near an array of amenities including restaurants, shopping, beaches, a casino, zoo, and marina, ensuring high tenant demand and strong rental income potential. Built in 1914, this three-story building offers 1,920 square feet on a 2,752.99 square foot lot. Currently operating at 100% occupancy, the property features two units, each priced at $124,950, for a total asking price of $249,900. One unit is occupied by a long-term tenant, while the other previously operated as a successful Airbnb, providing flexibility in rental strategies. Both units have been thoughtfully renovated, showcasing hardwood floors, modern kitchens equipped with stainless steel appliances, and updated bathrooms. Further enhancing tenant comfort and convenience are brand-new furnaces with central air conditioning, and separate electric and gas utilities for each unit. This property offers a compelling blend of style, location, and income potential, making it an ideal investment for discerning buyers seeking a strong return on investment in a vibrant and desirable location. The property is currently listed at $130.16 per square foot. Showings require 24-hour notice.

Location Insight

City

Michigan City

County

LaPorte

State

Indiana

Latitude

41.7125

Longitude

-86.8923

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