310 Colfax Avenue, Michigan City, IN 46360
$1,050,000
Property Type:
Residential Income
Bedrooms:
7
Baths:
5
Square Footage:
2,808
Lot Size (sq. ft.):
3,220
Status:
Closed
Current Price:
$1,050,000
List Date:
4/05/2024
Last Modified:
7/10/2024
Overview
Description
Listing Details MLS# 544188
General Property Information
- New Construction YN
- No
- Number Of Units Total
- 5
- Bedrooms Total
- 7
- Bathrooms Full
- 5
- Rooms Total
- 17
- Bathrooms Total
- 5
- Above Grade Finished Area
- 2800
- Below Grade Finished Area
- 200
- Living Area
- 2808
- Living Area Source
- Estimated
- Year Built
- 1943
- Garage YN
- No
- Lot Size Acres
- 0.0739
- Lot Size Square Feet
- 3220
- Lot Size Source
- Owner
- Lot Size Dimensions
- 70x46
- Basement YN
- Yes
- Bathrooms Half
- 0
- Bathrooms Three Quarter
- 0
- Garage Spaces
- 0
- Carport Spaces
- 0
- Parking Total
- 0
Property Features
Construction Materials:
Block; Brick; Concrete
Exterior Features:
Storage
Flooring:
Hardwood; Luxury Vinyl; Tile; Vinyl
Interior Features:
Elevator
Lease Type:
Net
Listing Terms:
Cash; Conventional
Parking Features:
None
Patio And Porch Features:
Deck; Patio
Possession:
Close Of Escrow
Utilities:
Cable Available; Sewer Available
Water Source:
Public
Contract Information
- Auction YN
- No
- Original List Price
- 1099000
- Property Sub Type
- Apartment
- Listing Agreement
- Exclusive Right To Sell
- Occupant Type
- Tenant
Location Tax and Legal
- Street Number
- 310
- Street Name
- Colfax
- Street Suffix
- Avenue
- County
- La Porte
- State
- IN
- Postal Code
- 46360
- Subdivision Name
- Sheridan Bch Park 04 Add/Michig
Remarks and Miscellaneous
- Public Remarks
- Welcome to 310 Colfax Ave, an exceptional 5-unit condominium complex thriving as a lucrative short-term rental, boasting nearly $200k a year in gross rental income. Located just off the enchanting shores of Lake Michigan.Immerse yourself in the charm of fully renovated turnkey units, seamlessly blending contemporary comforts with timeless elegance. Nestled in the heart of Michigan City, each residence boasts a unique and sought-after living experience. The property's prime location, combined with its flourishing short-term rental success, makes it an enticing investment opportunity.Embrace the allure of lakeside living where the beauty of Lake Michigan meets the convenience of modern amenities. Whether you're seeking an investment property or a unique lakeside retreat, this condominium complex offers a rare opportunity to experience the best of Michigan City living.Top floor includes three 1Bed 1Bath Units. Bottom Floor includes two 2Bed 1Bath units.
Status Change Information
- Major Change Timestamp
- 2024-07-10T18:53:24Z
- Major Change Type
- Status Change
- Status Change Timestamp
- 2024-07-10
- Offer Acceptance Date
- 2024-03-24
- Close Date
- 2024-07-10
- Close Price
- 1050000
- Concessions
- No
- Buyer Financing
- Conventional
More Information
Exemption Information
- Exemption YN
- Y
Income and Expenses
- Electric Expense
- 5940
- Expense Year
- 2023
- Gross Scheduled Income
- 185371.25
- Insurance Expense
- 2000
- Maintenance Expense
- 31945
- Net Operating Income
- 84119.25
- New Taxes Expense
- 11214
- Other Expense
- 4388
- Professional Management Expense
- 33000
- Supplies Expense
- 5588
- Total Actual Rent
- 185371.25
- Water Expense
- 989
- Gross Income
- 0
- Manager Expense
- 0
- Sewer Expense
- 0
- Trash Expense
- 0
Showing Requirements
- Showing Instructions
- Use ShowingTime. Listing agent to be present for showings.
Historical Information
- Public Historical Remarks
- Array, Lease Type: Net
Location, Tax, and Legal
- Postal Code +4
- 8521
- Tax Annual Amount
- 10910
- Tax Year
- 2023
- Tax Assessed Value
- 0
- Tax Legal Description
- Legal Description: Per Title
- Parcel Number
- 460121303008000022
- Township
- Michigan
- Directions
- LSD to Louisiana then turn left onto colfax.
Construction Materials
- Block
- Yes
- Brick
- Yes
- Concrete
- Yes
Exterior Features
- Storage
- Yes
Flooring
- Hardwood
- Yes
- Luxury Vinyl
- Yes
- Tile
- Yes
- Vinyl
- Yes
Interior Features
- Elevator
- Yes
Listing Terms
- Cash
- Yes
- Conventional
- Yes
Lock Box Information
- Lock Box Serial Number
- No
Parking Features
- None
- Yes
Patio And Porch Features
- Deck
- Yes
- Patio
- Yes
Possession
- Close Of Escrow
- Yes
Utilities
- Cable Available
- Yes
- Sewer Available
- Yes
Water Source
- Public
- Yes
Auction
- Minimum Opening Bid
- 0
- Buyer Premium Amount
- 0
Lease Type
- Net
- Yes
Listing Office:
Coldwell Banker Realty
Last Updated: July - 10 - 2024
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