1. Indiana
2. Michigan City
3. 105 Hancock Avenue

105 Hancock Avenue, Michigan City, IN 46360

• 5 beds |
• 1 bath |
• 1,727 sqft

Property Description

With over 1700 SF this 5 bedroom 1 bathroom home is being sold as an investment property with long term tenant in place! CAP rate for investor at 8.1, with great upside potential. Current tenant has been there many years, so lease rate considers that loyalty. 2 bedrooms on the main floor, plus another 3 bedrooms upstairs. Main floor bath and laundry room. Enclosed front porch and back entryway. Current lease thru March 31, 2026. Tenant pays utility bills, landlord pays taxes and insurance. Park your investment in the economically developing Michigan City area near the Lake Michigan shoreline. By Appt ONLY. Schedule your in-person or virtual tour today, times slots available are SATs at 11 am and TUESs at 4 pm out of respect to Tenant.

Listing Status:

Active

Listing Office:

RE/MAX Lifestyles : (219) 462-2121

Listing Agent:

Matt Evans :

MLS ID:

817470

Interior

• General: Ceiling Fan(s)Eat-in Kitchen
• Rooms: Bedroom 2Other RoomPrimary BedroomLiving RoomLaundryKitchenBedroom 5Bedroom 4Bedroom 3
• Appliances: RangeRange Hood
• Basement: Crawl Space
• Heating: Forced AirNatural Gas

Exterior

Construction

Location

Lot

Utilities

Financial

This listing courtesy of Matt Evans, RE/MAX Lifestyles