902 Kentucky Street

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902 Kentucky Street

Michigan City, IN 46360
Asking Price
$220K
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Multifamily apartment building located in Michigan City, Indiana.
  • The property is available for purchase at $220,000.
  • Located at 902 Kentucky Street within the 46360 ZIP code.
  • Strategic location serves the growing Northwest Indiana residential market.
  • Asset provides an entry point for regional rental portfolio expansion.

What's Special

Michigan City sits along the southern shore of Lake Michigan, providing a distinct residential market within the broader Northwest Indiana region. The area serves as a key access point for commuters traveling to Chicago and surrounding industrial hubs. This multifamily asset at 902 Kentucky Street consists of an apartment building currently positioned within the local housing market. Given its size and layout, the property functions as a straightforward residential investment, suitable for those looking to manage rental units in a growing lakeside city. The property remains well-connected to major regional roadways, ensuring accessibility for tenants commuting throughout the county. This asset represents a practical acquisition for investors seeking to expand their residential footprint in this established Indiana submarket.

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NOI
$80,000
Cap Rate
36.36%
DSCR
6.12
Strong
Cash-on-Cash
101.42%
Monthly Payment
$1,088.44
Annual Cash Flow
$66,938.72

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