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    200 N Michigan Street

    La Paz, IN 46537
    • $209,500
    • STATUS: Active
    • ON SITE: 15 days
    • MLS #: 202128661
    $209,500
    • 5
      BEDS
    • 0.27
      ACRES
    • 4
      BATHS
    • 1
      1/2 BATHS
    • 6,106
      SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1920
    County:
    Area:

    School Information

    Elementary School:
    Middle School:
    High School:

    Description

    Rare opportunity to settle estate. Five rental units. Could be residential or other multiple uses, as property is zoned Commercial. Former uses include drug store, restaurant, and beauty shop - the possibilities are limitless. Great spot for a Mom and Pop shop. Signage available. Two units (C and D) need updating, approximately 2,900 SF or could be suited for retail or climate controlled indoor storage. Two units currently rented (A and B, interior pictures of these two not posted), Unit E is move in ready and was occupied by previous owner. Great La Paz location close to schools and Newton Park. *Important note - This is an estate now. NET INCOME is based off low rents because previous owner was kind and kept rents low. There IS market to have the rents raised. This same owner also occupied one of the units so the income does not reflect his portion of an additional rent. When figuring net incomes, please add in for an additional unit of rent.

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    © 2021 Indiana Regional MLS All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from IRMLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Anthony REALTORS. Data last updated: 2021-08-02T00:27:43.833.

    www.indianahomehub.com/homes/119436571
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    200 N Michigan Street La Paz, IN 46537

    • Price: $209,500
    • Status: Active
    • MLS #: 202128661
    5
    Beds
    4
    Baths
    1
    ½ Baths
    0.27
    Acres
    6,106
    SQFT
    $34
    $/SQFT
    1920
    Built
    Neighborhood:
    None
    County:
    Marshall
    Area:
    Marshall
    Elementary School:
    Laville
    Middle School:
    Laville
    High School:
    Laville
    School District:
    Union-North United School Corp.
    Property Description
    Rare opportunity to settle estate. Five rental units. Could be residential or other multiple uses, as property is zoned Commercial. Former uses include drug store, restaurant, and beauty shop - the possibilities are limitless. Great spot for a Mom and Pop shop. Signage available. Two units (C and D) need updating, approximately 2,900 SF or could be suited for retail or climate controlled indoor storage. Two units currently rented (A and B, interior pictures of these two not posted), Unit E is move in ready and was occupied by previous owner. Great La Paz location close to schools and Newton Park. *Important note - This is an estate now. NET INCOME is based off low rents because previous owner was kind and kept rents low. There IS market to have the rents raised. This same owner also occupied one of the units so the income does not reflect his portion of an additional rent. When figuring net incomes, please add in for an additional unit of rent.
    Exterior Features

    Exterior AluminumBlockConcrete Location City/Town/Suburb Lot Description Level Lot Dimensions 135X75x140x94 Outbuilding None Parking Off StreetPaved Parking Spaces 10 Pool YN No Style Two Story Waterfront YN No

    Interior Features

    Above Grade Bedrooms 5 Above Grade Finished Sqft 6106 Above Grade Unfin Sq Ft 240 Amenities Off Street Parking Basement Foundation None Basement YN No Below Grade Baths 0 Below Grade Bedrooms 0 Below Grade Finished Sqft 0 Below Grade Unfin Sq Ft 0 Cooling Central AirWindow Dishwashers 0 Disposals 0 Dryers 0 Flooring CarpetLaminateMixed Heating Fuel GasForced Air Microwaves 0 Ranges Ovens 0 Refrigerators 0 Rooms Below Grade 0 Total Baths 5 Total Below Grade Sqft 0 Total Sq Ft 6346 Wash Dry Hookups 0 Washers 0

    Property Features

    Annual Electric Expense 1800 Annual Fuel Expense 3600 Annual Gross Rent 9600 Annual Insurance Expense 2100 Annual Maint Expense 1000 Annual Misc 500 Annual Net Income -3772 Annual Property Tax 1996 Annual Trash Expense 684 Annual Water Sewer Exp 1692 Assoc Dues Frequency Not Applicable Efficiencies 0 For Sale Or Rent For Sale Four Bedrooms 0 Gross Monthly Income 800 Gross Monthly Rent 800 Lease Term 1 YearMonth To Month New Construction No One Bedrooms 1 Owner Pays HeatingMaintenanceSewerTrash CollectionWater Owner Real Estate License YN No Pet Restrictions YN No Planned Unit Dev YN No Property Sub Type Fiveplex Reo YN No Sale Includes BuildingLand Sewer Public Tenant Pays Electric Three Bedrooms 0 Township North Two Bedrooms 2 Units Rented 2 Water Utility Well Year Taxes Payable 2021

    Listing courtesy of Dave Goebel of Re/Max Oak Crest -Plymouth.
    © 2021 Indiana Regional MLS All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from IRMLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Anthony REALTORS.


    © 2021 Indiana Regional MLS All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from IRMLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Anthony REALTORS. Data last updated: 2021-08-02T00:27:43.833.

     
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    Anthony REALTORS
    239 W Baker Street
    Fort Wayne IN, 46802