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3960 E Bellefontaine Road

Hamilton, IN 46742
  • $599,900
  • STATUS: Active
  • ON SITE: 115 Days
  • MLS #: 202406133
UPDATED: 64 min ago
$599,900
  • 6
    BEDS
  • 0.2
    ACRES
  • 6
    BATHS
  • 0
    1/2 BATHS
  • 4,636
    SQFT
Neighborhood:
Type:
Multi-Family
Built:
1885
County:
Area:

School Information

Elementary School:
Middle School:
High School:
School District:
Listing provided by Scott Marker of Anchor Realty: .

Description

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.

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© 2024 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 Janet English | Keller Williams. Data last updated: 2024-06-22T13:29:45.083.

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3960 E Bellefontaine Road Hamilton, IN 46742

  • Price: $599,900
  • Status: Active
  • On Site: 115 Days
  • Updated: 64 min ago
  • MLS #: 202406133
6
Beds
6
Baths
0
½ Baths
0.2
Acres
4,636
SQFT
$129
$/SQFT
1885
Built
Neighborhood:
None
County:
Steuben
Area:
Steuben
Elementary School:
Hamilton
Middle School:
Hamilton Middle
High School:
Hamilton
School District:
Hamilton Community
Property Description
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.
Exterior Features

Channel Frontage 0 Exterior BlockVinyl Fence None Lake Type Ski Lake Location City/Town/SuburbLake Lot Description LakeLevelWaterfrontWater View Lot Dimensions 60 X 146 Outbuilding Shed Outbuilding Sq Ft 36 Parking GarageGravelOff Street Parking Spaces 3 Pool YN No Roof Material FlatMetal Style Other Water Access Lakefront Water Features Pier/Dock Water Frontage 60 Water Name Hamilton Lake Water Type Lake Waterfront YN Yes

Interior Features

Above Grade Bedrooms 3 Above Grade Finished Sqft 3336 Above Grade Unfin Sq Ft 0 Amenities BasementCeiling FanFireplaceOff Street ParkingDeck OpenDeck on WaterfrontGarage Door OpenerPatio CoveredPatio Open Basement Foundation Walk-Out Basement Basement YN Yes Below Grade Baths 1 Below Grade Bedrooms 3 Below Grade Finished Sqft 1300 Below Grade Unfin Sq Ft 200 Cooling Window Dishwashers 0 Disposals 0 Dryers 1 Flooring Mixed Heating Fuel GasBaseboardForced Air Microwaves 0 Ranges Ovens 4 Refrigerators 5 Rooms Below Grade 6 Total Baths 6 Total Below Grade Sqft 1500 Total Sq Ft 4836 Unit1 Basement YN Yes Unit1 Bathrooms 1 Unit1 Bedrooms 3 Unit2 Basement YN No Unit2 Bathrooms 1 Unit2 Bedrooms 1 Unit3 Basement YN No Unit3 Bathrooms 1 Unit3 Bedrooms 1 Unit4 Basement YN No Unit4 Bedrooms 1 Unit5 Basement YN No Unit6 Basement YN No Unit6 Bathrooms 1 Wash Dry Hookups 4 Washers 1

Property Features

Annual Electric Expense 1200 Annual Fuel Expense 800 Annual Gross Rent 52800 Annual Insurance Expense 3000 Annual Maint Expense 3500 Annual Misc 1200 Annual Net Income 37316 Annual Property Tax 4234 Annual Trash Expense 350 Annual Water Sewer Exp 1200 Assoc Dues Frequency Not Applicable Auction Y / N No Buildings 3 Efficiencies 2 Electric Meters 6 For Sale Or Rent For Sale Four Bedrooms 0 Gas Meters 6 Gross Monthly Income 4400 Gross Monthly Rent 4400 Lease Term 1 Year New Construction No One Bedrooms 3 Owner Pays Lawn MaintenanceSnow RemovalTrash Collection Owner Real Estate License YN No Pet Restrictions YN Yes Planned Unit Dev YN No Property Sub Type Other Proposed Financing CashConventionalLease w/Option to Buy Reo YN No Sale Includes BuildingLandLease Sewer City Tenant Pays CableElectricHeating Three Bedrooms 1 Township Otsego Two Bedrooms 0 Unit1 Unit Rent 2000 Unit1- Currently Rntd Y / N Yes Unit1- Garage /#of Cars 2 Unit1- Garage Y / N No Unit2 Unit Rent 850 Unit2- Currently Rntd Y / N Yes Unit2- Garage Y / N No Unit3 Unit Rent 800 Unit3- Currently Rntd Y / N Yes Unit3- Garage Y / N No Unit4 Unit Rent 750 Unit4- Currently Rntd Y / N Yes Unit4- Garage Y / N No Unit5- Currently Rntd Y / N No Unit5- Garage Y / N No Unit6- Currently Rntd Y / N No Unit6- Garage Y / N No Units Rented 4 Water Meters 1 Water Utility City Year Taxes Payable 2023

Listing provided by Scott Marker of Anchor Realty: .

© 2024 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 Janet English | Keller Williams.


© 2024 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 Janet English | Keller Williams. Data last updated: 2024-06-22T13:29:45.083.

 
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Janet English | Keller Williams
3928 McCarty Lane Suite A
Lafayette IN, 47905
Listing provided by Scott Marker of Anchor Realty: .