Listed by Listing Leaders Executive Real Estate Group ,LLC
$950,000
514 Lake Shore Drive
Details
APN 460121311018000022
Property Type Multifamily
Sub Type Apartment Building, Apartment/Condo
NOI $96,000
Year Built 1919
Acreage 0.084
Multifamily
Marketing description
Investors--Income Opportunity in Sheridan Beach! 7 occupied units! Well maintained property! Welcome to 514 Lakeshore Drive, Michigan City, located in the desirable Sheridan Beach neighborhood, just one block from Lake Michigan. This DSCR-friendly property offers strong potential for long-term rental income, short-term rental use (buyer to verify), or portfolio growth. Consistent rental demand is supported by proximity to Sheridan Beach, Washington Park, the marina, Uptown Arts District, Blue Chip Casino, and the South Shore Train Station, offering convenient access for commuters to Chicago. Ideal for cash, DSCR, or portfolio investors seeking an income-producing property in one of Northwest Indiana's most sought-after lakefront areas. Located 1 block away from the beach!! This is a must see in-person.
Listing Contacts
Listed by Listing Leaders Executive Real Estate Group ,LLC
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$96,000.00
$8,000.00/mo
Valuation Metrics
0
DSCR
10.11%
Cap Rate
10.11%
ROI
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