410 Pine Lake Avenue, La Porte, Indiana, 46350
$850,000
Other
8,000 Sqft
Active
Experience a remarkable investment opportunity with this fully leased, income-generating mixed-use building located prominently on Pine Lake Ave. This property features a combination of three apartments and three commercial spaces. All six units are fully leased with exterior entrances! Each unit is also separately metered, with tenants responsible for their own utilities. PRO-FORMA CAP RATE OF 10.61%.The building itself has been enhanced with a new roof and siding in 2023, along with brand new decks for the residential units completed in 2024. The residential units themselves underwent a significant renovation during 2023 and 2024, unveiling updated plumbing, electrical systems, HVAC, flooring, bathrooms, and kitchens. Everything is new! Each apartment boasts a unique charm with an open-concept layout, gorgeous white granite countertops, stainless steel appliances, and convenient washer/dryer hookups in each apartment!
Water Source : Public
Sewer Source : Public Sewer
Parking Features : Parking Lot
Exterior Features: Private Entrance
Lot Size Source : Assessor
Heating : Forced Air
Interior Features: Built-in Features
Basement Description : Crawl Space
Appliances : Dishwasher
Street Address: 410 Pine Lake Avenue
City: La Porte
State: Indiana
Postal Code: 46350
MLS Number: 812639
Year Built: 2001
Courtesy of Blackrock Real Estate Services
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