Images

Slider image thumbail number 1
Slider image thumbail number 2
Slider image thumbail number 3
Slider image thumbail number 4
Slider image thumbail number 5
Slider image thumbail number 6
Slider image thumbail number 7
Slider image thumbail number 8
Slider image thumbail number 9
Slider image thumbail number 10
Slider image thumbail number 11
Slider image thumbail number 12
Slider image thumbail number 13
Slider image thumbail number 14
Slider image thumbail number 15
Slider image thumbail number 16
Slider image thumbail number 17
Slider image thumbail number 18

Map

Directions

Second building on the Northeast corner of Bellefontaine Rd and Wayne St. in Hamilton, IN.

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.

Details

  • Property Details

  • MLS #:
    202406133
  • Price
    $624,900
  • Bedrooms
    6
  • Baths Total
    6
  • Full Baths
    6
  • Half Baths
    0
  • Approx. Lot Size Acres
    0.2
  • Approx. Lot Size SqFt
    8,712
  • Class
    Investment
  • DOM
    2
  • Lot Dimensions
    60 X 146
  • New Construction
    No
  • Parcel ID#
    76-10-33-410-106.000-010
  • Property Sub-Type
    Other
  • State
    IN
  • Style
    Other
  • Subdivision
    None
  • Total Finished SqFt
    4,636
  • Total SqFt
    4,836
  • Year Built
    1885
  • Zip
    46742-9364
  • Interior Features

  • Below Grade Finished SqFt
    1,300
  • Other Features

  • Pool Y/N
    No
  • Water Type
    Lake
  • Waterfront Y/N
    Yes

Last updated: April 12 2024, 3:05 PM

Listing courtesy of: Scott Marker, Anchor Realty

IDX information provided by the Indiana Regional MLS. 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. Data is deemed reliable but is not guaranteed accurate by the MLS. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified.

Calculator

Number of Payments

Monthly Payments

$

Similar Listings

All Listings
View all

Listings