$935,000 202 N Lake Avenue #e/w Michigan City, IN

MLS: 417653   Type: Multi-Family   County: Laporte   City: Michigan City   Neighborhood: Sheridan Beach Park Add 04   Zip: 46360   Style: Income Property  

Mortgage $4,390 /mo

Beds

Baths

Half Baths

Sqr Footage

Lot Size

Built

6

0

0

4,500

1,496

2007

202 N. Lake Ave. is a well built & maintained beach compound w/2 fee simple townhomes: 202 East & 202 West. Combined, the building has approximately 4500 sq. ft. of living space and about 1000 sq. ft. of pvt.decking. Each has 4 floors w/extensive decking including 2 pvt rooftops. Enjoy lake views from both. 202 West is tenant occupied w/annual income of $27600. Tenant is on a month-to-month lease but could stay if buyer prefers. East is owner occupied and upgraded as the photo's describe. Read text for each photo for further explanation. Both beach town homes have elevator shafts. The party wall that separates the town homes could be opened up for single family living. There is gas, water & electric on most of decks and each town home has pkg for 4 cars yielding a total of 8 pkg spaces. 202 East's LL can be used as a rental. Ideal for buyers looking for investment property or 2+ families wanting to share & enjoy lake living while maintaining their privacy. Listed below appraised value.

Elementary School

Middle School

High School

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Price History

7/1/2017 Listed $1,076,000
2/14/2018 8% - $995,000
5/14/2018 7% - $935,000

Property SubType Income Property
Property Type Multi Unit/Income
Subdivision Sheridan Beach Park Add 04
Unit Number E/W
Year Built 2007

Interior Features

Basement Yes
Living Area 4500.00

Exterior Features

Garage Spaces 0.0
Lot Size Square Feet 1496.00
Municipal Water Yes
Septic No
Sewer Yes
Well No

Property Schools



Direct Link:

http://debbie.realtyexecutivesindiana.com/property/209-417653-202-N-Lake-Avenue-Ew-Michigan-City-IN-46360

Gallery (16 photos)

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Property vs Zip Code Avg (46360)

Price 935K Avg 283K

Sqr Feet 4,500 Avg 3,018

Cost / Sqr Ft $208 Avg $94

Acres 0.034343 Avg 0.15

Visits 32 Avg 9

Days on Site 385 Avg 149

Walkscore® 8 Avg 62

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Listing Provided Courtesy Of: Long Beach Realty, Inc.




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Location & Address

Debbie Rasala
310 E Lincolnway
Valparaiso, IN
219-508-8025
219-462-2226

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