Skip main navigation
Closed
  • $500,000

    3960 E Bellefontaine Rd, Hamilton, IN 46742

    6beds
    4,636sqft
    Multi Family
    Built in 1885
    -- sqft lot
    $518,400 Zestimate®
    $--/sqft
    $1,363 Estimated rent

    What's special

    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.

    Zillow last checked: 7 hours ago

    Listing updated: December 06, 2024 at 12:09pm

    Listed by:

    Scott Marker 260-402-0744,

    United Country Real Estate/Anchor Realty

    Bought with:

    Scott Marker, RB16001001

    United Country Real Estate/Anchor Realty

    Source: IRMLS,MLS#: 202406133MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 6
    • Bathrooms: 6
    • Full bathrooms: 6
    Heating
    • Natural Gas, Baseboard, Forced Air, Fireplace(s)
    Cooling
    • Window Unit(s)
    Features
    • Ceiling Fan(s)
    • Flooring: Mixed
    • Basement: Walk-Out Access
    • Has fireplace: Yes
    Interior area
    • Total structure area: 4,872
    • Total interior livable area: 4,636 sqft
    • Finished area above ground: 3,336
    • Finished area below ground: 1,300

    Property

    Parking
    • Total spaces: 3
    • Parking features: Garage, Gravel, Off Street, Off Street Parking, Garage Door Opener
    • Has garage: Yes
    • Covered spaces: 2
    Features
    • Stories: 3
    • Patio & porch: Deck, Covered, Patio
    • Fencing: None
    • Has view: Yes
    • View description: Water
    • Has water view: Yes
    • Water view: Water
    • Waterfront features: Lake, Waterfront, Deck on Waterfront, Pier/Dock, Lake Front, Ski Lake
    • Body of water: Hamilton Lake
    • Frontage length: Channel/Canal Frontage(0),Water Frontage(60)
    Lot
    • Size: 8,712 sqft
    • Dimensions: 60 X 146
    • Features: Level, City/Town/Suburb, Lake
    Details
    • Additional structures: Shed(s)
    • Parcel number: 761033410106.000010

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Block, Vinyl Siding
    • Foundation: Basement
    • Roof: Flat,Metal
    Condition
    • New construction: No
    • Year built: 1885

    Utilities & green energy

    • Sewer: City
    • Water: City

    Community & neighborhood

    Location
    • Region: Hamilton
    • Subdivision: None

    HOA & financial

    Other financial information
    • Total actual rent: 52800

    Other

    Other facts
    • Listing terms: Cash,Conventional,Lease w/Option to Buy
    Services availability
    Get pre-qualified for a loan
    At Zillow Home Loans, we can pre-qualify you in as little as 5 minutes with no impact to your credit score.

    An equal housing lender. NMLS #10287.