3960 Bellefontaine, Hamilton, IN 46742-9364
Overview
| MLS ID: | #202406133 |
|---|---|
| Price: | $ 539,900 |
| Sq Ft: | 3,336 |
| Finished Sq Ft: | 4,636 |
| Lot Size: | 0.20 Acres |
| Year Built: | 1885 |
| Bedrooms: | 6 |
| Full Bathrooms: | 6 |
| Half Bathrooms: | |
| Taxes: | $ 3,000 |
Discover a rare investment opportunity in the heart of Hamilton, Indiana – a 6-unit mixed-use property with 60 feet of lake frontage on Hamilton Lake. Nestled in a thriving lake community, this property presents a variety of potential uses. The current setup includes three 1-bedroom apartments for stable long-term rentals, and a fully furnished 3-bedroom apartment catering to the burgeoning demand for turnkey short-term rentals. Two storefront commercial spaces situated ideally at the main hub of Hamilton’s activity offer prime visibility for businesses. Not to mention 4 dock slips that you can rent to others and use for yourself! Convenience is key with a private off-street driveway and a 1-car detached garage for added storage. Currently cash flowing, this property holds the promise of increased returns. Imagine running a multi-unit short-term rental business, leasing out office spaces, and enjoying a dock slip for your boat. Hamilton Lake, an all-sports lake spanning 800 acres, offers fishing, boating, and water recreation. Nearby golf courses and lakefront restaurants accessible by boat add to the appeal. Abundant options make this property a great setup for several use scenarios. Run a multi-unit Short Term Rental business and rent the commercial spaces to local businesses. Live in one unit, use a commercial space for your business, and let the remaining units contribute to covering your investment. Within walking distance to the public beach, adjacent to the popular Howie’s on Hamilton restaurant, and part of a golf cart community, this property embodies value in a growing lake town. Seize the opportunity to own a piece of Hamilton’s lakeside charm – where imagination knows no bounds, and the potential for this value-add property is as vast as the lake itself.
MLS ID: 202406133
Details
| # of Units | 6 |
|---|---|
| Price Per Unit | 89,983.330 |
| Above Grade Finished SF | 3,336 |
| Above Grade Unfinished SF | 1 |
| Combined Finished SF | 4,636 |
| Below Grade Finished SF | 1,500 |
| Below Grade Unfinished SF | 200 |
| Total Below Grade SF | 1,500 |
| Below Grade Rooms | 2 |
| Total Sq Ft | 4,836 |
| Lot Dimensions | 60 X 146 |
| Approx Lot Size SqFt | 8,712 |
| Approx Lot Size Acres | 0.20 |
| Garage SF | 1,200 |
|---|---|
| Garage # of Cars | 1 |
| Outbuildings | 36 |
| # of Fireplaces | 3 |
| Water Front | Yes |
|---|---|
| Water Front Type | Lake |
| Water Frontage | 60 |
| Style | Other |
|---|---|
| New Construction | No |
| Elementary School | Hamilton |
|---|---|
| Middle School | Hamilton Middle |
| Senior | Hamilton |
| District | Hamilton Community |
| # Bedrooms | 6 |
|---|---|
| # of Full Baths | 6 |
| # of Half Baths | 0 |
| # Above Grade Bedrooms | 6 |
| Kitchen | 750 x |
| Family Room | 850 x 800 |
| Bedroom 4 | 6 x 6 |
| Bedroom 5 | 5 x 4 |
| Extra Room | 1 x 4 |
| Laundry Room | 3 x |
| Other Room 1 | 2 x 3 |
| Other Room 2 | 1 x 4400 |
| Other Room 3 | 1 x |
| Annual Gross Rent Income | $52,800.00 |
|---|---|
| Annual Sewer Expense | $1,200.00 |
| Annual Fuel Expense | $800.00 |
| Annual Electric Expense | $1,200.00 |
| Annual Trash Expense | $350.00 |
| Annual Property Tax | $4,234.00 |
Map
Listing Office: Anchor Realty
Listing Agent: Scott Marker
Disclaimer:
Mortgage
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