3960 East Bellefontaine Road
$539,900
6
6
4,636
4,636
$116
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...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.
- Listed by Scott Marker • Anchor Realty
Property Details for 3960 East Bellefontaine Road
Style
Other
SubdivisionNone
WaterfrontYes
Water FeaturesPier/Dock
Pet RestrictionsYes
LISTING UPDATED: 08/15/2024 02:51 PM
Property Details for 3960 East Bellefontaine Road
Status | Active |
---|---|
MLS # | 202406133 |
Days on Market | 206 |
Taxes | $4,234 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Multi Family / Other |
Year Built | 1885 |
Lot Size | 0.20 AC / 8,712 SF |
County | Steuben County |
Building Information for 3960 East Bellefontaine Road
Stories3Residences6Year Built1885Building Size-Lot Size0.20 AC / 8,712 SF
Property Information for 3960 East Bellefontaine Road
Property History for 3960 East Bellefontaine Road
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Schools near 3960 East Bellefontaine Road
This home is within Hamilton Community Schools.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 12 |
Rating | School | Distance |
---|---|---|
Hamilton Community Elementary School PublicK to 5 | ||
Hamilton Community High School Public6 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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