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.
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
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#: 202406133

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.