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3960 E Bellefontaine Road

Hamilton, IN 46742
  • $599,900
  • STATUS: Active
  • ON SITE: 85 Days
  • MLS #: 202406134
UPDATED: 102 min ago
$599,900
  • 0
    BEDS
  • 0.2
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,710
    SQFT
Neighborhood:
Type:
Commercial
Built:
1885
County:
Area:

School Ratings & Info

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: 2024-05-23T00:28:05.38.

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3960 E Bellefontaine Road Hamilton, IN 46742

  • Price: $599,900
  • Status: Active
  • On Site: 85 Days
  • Updated: 102 min ago
  • MLS #: 202406134
0
Beds
0
Baths
0
½ Baths
0.2
Acres
3,710
SQFT
$162
$/SQFT
1885
Built
Neighborhood:
None
County:
Steuben
Area:
Steuben
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 Construction Type1 Brick Docks 2 Driveway Gravel Exterior BrickVinyl Fence None Fire Doors YN No Lake Type Ski Lake Location City Lot Dimensions 60 X 146 Parcel Description Waterfront Parking GravelOff-StreetPublic Parking Spaces 3 Parking Type Off streetStreetPublic Parking YN Yes Road Access City Roof Material FlatMetal Security Light YN No Signs YN No Water Access Lakefront Water Features Pier/Dock Water Frontage 60 Water Name Hamilton Lake Water Type Lake Waterfront YN Yes

Interior Features

Basement Foundation Walk-Out Basement Basement YN Yes Bldg1 Above Grd Sq Ft 3000 Bldg1 Below Grd Sq Ft 1500 Bldg1 Fin Office Sq Ft 596 Bldg2 Above Grd Sq Ft 336 Bldg2 Below Grd Sq Ft 0 Bldg2 Fin Office Sq Ft 336 Bldg3 Above Grd Sq Ft 374 Bldg3 Below Grd Sq Ft 0 Bldg3 Fin Office Sq Ft 0 Ceiling Height 8 Column Spacing N/A Cooling Window Flooring Mixed Heating Fuel ElectricGasBaseboardForced Air Interior Height 8 Interior Walls Drywall Special Features BasementOffice Space Total Restrooms 6

Property Features

Annual Taxes 4233.88 Auction YN No Buildings 3 Burglar Alarm YN No Currently Leased YN Yes Documents Available Income/Expenses Enterprise Zone No Equipment YN No Fire Protection City For Sale Or Rent For Sale Ingress Egress Gravel Lease Term Remaining 8-12 Months Lighted Intersection YN Yes New Construction No Owner Real Estate License YN No Planned Unit Dev YN No Platted YN Yes Property Sub Type Mixed Use Property Use Investment Property Proposed Financing CashConventionalLease w/Option to Buy Reo YN No Sale Includes BuildingFurnitureLandLease Sewer City Smoke Fire Alarm YN Yes Sprinkler System YN No Tax Abatement No Township Otsego Water Heater YN Yes Water Softener YN No 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: 2024-05-23T00:28:05.38.

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