610 Colfax Avenue, Michigan City, IN 46360
$1,150,000
Property Type:
Residential Income
Bedrooms:
10
Baths:
10
Square Footage:
6,120
Lot Size (sq. ft.):
7,280
Status:
Closed
Current Price:
$1,150,000
List Date:
6/12/2023
Last Modified:
2/24/2024
Overview
Description
Listing Details MLS# 532355
General Property Information
- Number Of Units Total
- 10
- Bedrooms Total
- 10
- Bathrooms Full
- 10
- Rooms Total
- 24
- Bathrooms Total
- 10
- Living Area
- 6120
- Living Area Source
- Assessor
- Year Built
- 1920
- Lot Size Acres
- 0.1671
- Lot Size Square Feet
- 7280
- Lot Size Dimensions
- 56 x 130
- Basement YN
- No
- Bathrooms Half
- 0
- Bathrooms Three Quarter
- 0
- Garage Spaces
- 0
- Carport Spaces
- 0
- Parking Total
- 0
Property Features
Construction Materials:
Aluminum Siding; Block; Concrete
Flooring:
Vinyl
Interior Features:
Elevator
Lease Type:
Net
Listing Terms:
Cash; Conventional; Lease Option
Owner Pays:
Gas; Sewer; Water
Parking Features:
None
Possession:
Subject To Tenant Rights
Tenant Pays:
Electricity
Utilities:
Cable Available; Electricity Available; Natural Gas Available; Sewer Available
Water Source:
Public
Contract Information
- Auction YN
- No
- Original List Price
- 1175000
- Lease Term
- Month To Month
- Listing Agreement
- Exclusive Right To Sell
- Occupant Type
- Tenant
Location Tax and Legal
- Street Number
- 610
- Street Name
- Colfax
- Street Suffix
- Avenue
- County
- La Porte
- State
- IN
- Postal Code
- 46360
- Subdivision Name
- Sheridan Beach
Remarks and Miscellaneous
- Public Remarks
- 10 unit apartment building in Sheridan Beach. Fully occupied and one of the last of its kind. Currently grossing over 100K in annual rent. Plenty of room to move up rents or convert to short term rentals. All units have been updated.
Status Change Information
- Major Change Timestamp
- 2023-09-01T12:03:53Z
- Major Change Type
- Status Change
- Status Change Timestamp
- 2023-09-01
- Offer Acceptance Date
- 2023-07-22
- Close Date
- 2023-09-01
- Close Price
- 1150000
- Concessions
- No
- Buyer Financing
- Cash
More Information
Exemption Information
- Exemption YN
- Y
Frontage Type
- Frontage Length
- 56
Income and Expenses
- Electric Expense
- 2250
- Expense Year
- 2022
- Gross Scheduled Income
- 87600
- Insurance Expense
- 4000
- Net Operating Income
- 65300
- New Taxes Expense
- 12000
- Other Expense
- 900
- Sewer Expense
- 1000
- Total Actual Rent
- 87600
- Water Expense
- 2150
- Gross Income
- 0
- Maintenance Expense
- 0
- Manager Expense
- 0
- Professional Management Expense
- 0
- Supplies Expense
- 0
- Trash Expense
- 0
Unit Details
- Number Of Efficiencies
- 3
- Number Of One Bedroom Units
- 7
Showing Requirements
- Showing Instructions
- Showing Assist. Call LA to arrange to view occupied units
Historical Information
- Public Historical Remarks
- Array, Lease Type: Net
Location, Tax, and Legal
- Postal Code +4
- 2395
- Tax Assessed Value
- 0
- Tax Legal Description
- Legal Description: 42-01-21-327-006 SHERIDAN BCH PK E 1/2 LTS 3 4 & 5 BLK 4.
- Parcel Number
- 460121327006000022
- Township
- Michigan
- Directions
- Lakeshore Drive to Georgia then east on Colfax.
Construction Materials
- Aluminum Siding
- Yes
- Block
- Yes
- Concrete
- Yes
Flooring
- Vinyl
- Yes
Interior Features
- Elevator
- Yes
Listing Terms
- Cash
- Yes
- Conventional
- Yes
- Lease Option
- Yes
Lock Box Information
- Lock Box Serial Number
- No
Parking Features
- None
- Yes
Possession
- Subject To Tenant Rights
- Yes
Utilities
- Cable Available
- Yes
- Electricity Available
- Yes
- Natural Gas Available
- Yes
- Sewer Available
- Yes
Water Source
- Public
- Yes
Auction
- Minimum Opening Bid
- 0
- Buyer Premium Amount
- 0
Lease Type
- Net
- Yes
Owner Pays
- Gas
- Yes
- Sewer
- Yes
- Water
- Yes
Tenant Pays
- Electricity
- Yes
Listing Office:
@properties/Christie's Intl RE
Last Updated: February - 24 - 2024
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