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Closed
  • $270,000

    3980 E Church St, Hamilton, IN 46742

    2beds
    3,600sqft
    Quadruplex
    Built in 1920
    -- sqft lot
    $-- Zestimate®
    $--/sqft
    $874 Estimated rent

    What's special

    Available now is this mixed-use building, priced right for the savvy investor looking for a low-maintenance, updated property with steady cash flow with an ideal location in a growing community with above-average household income, a booming summer lake population, and just two blocks from Hamilton Lake. The 3600 sf building consists of two one-bedroom apartments upstairs and two 3-room commercial/office/retail suites on the main level, as well as a common area with a laundry facility with coin-op washer and dryer and kitchenette/breakroom. Three units have long-term tenants with leases through 2027 for good cash flow, and one office suite not rented currently is available for immediate occupancy that would yield additional income. All units have keyless programmable keypads for entry with key backups to make switching codes easy when needed. Ecobee Smart thermostats allow you to monitor temperature and air quality and make the HVAC system more efficient. All main level lighting has been replaced with high-efficiency LED panels for brighter light and energy savings. Most units on main level have been repainted, and kitchenette and common bathroom were remodeled in the past three years. There is a new A/C unit in 2023 with warranty; the roof was replaced in 2019; water heater was replaced in 2021. The fully-furnished upscale apartments offer luxury bathrooms, stainless steel appliances and modern décor that makes them highly sought-after. For the commercial spaces on the main level, Suite 1 and 2 (currently connected) include a large main space (31' x 9') which could be a reception/waiting area, a showroom, or cubicle space; a private office (11.5' x 13') with a storage closet with extensive shelving and a bonus workroom with a built-in cabinet and counter. Suite 2 measures approximately 11 x 12. Suites 1 and 2 are accessed through the main entrance. Suite 5 is an 11 x 16 office with large closet (with outside entrance off Church St); Suite 4 which is an adjacent office that measures 11 x 16 and has three windows; and Suite 3 which is a 14 x 13 interior office with small sink. Hallway/corridor connects main entrance foyer, private restroom, Suite 3 and Suite 4. Suite 5 can be entered from Suite 4 or from the outside entrance. Perfect for a professional services business, retail, or office.

    Zillow last checked: 7 hours ago

    Listing updated: July 01, 2025 at 04:35pm

    Listed by:

    Christina Koher Cell:260-668-9235,

    RE/MAX Results - Angola office

    Bought with:

    Mackenzie Simmons, RB25000710

    Realty ONE Group Envision

    Source: IRMLS,MLS#: 202517346MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 4
    • Full bathrooms: 2
    • 1/2 bathrooms: 2
    Heating
    • Natural Gas, Forced Air
    Cooling
    • Central Air
    Appliances
    • Included: Gas Water Heater, Water Softener Owned
    Features
    • Ceiling Fan(s), Laminate Counters, Open Floorplan
    • Flooring: Carpet, Ceramic Tile, Laminate
    • Windows: Skylight(s)
    • Has basement: No
    Interior area
    • Total structure area: 3,600
    • Total interior livable area: 3,600 sqft
    • Finished area above ground: 3,600
    • Finished area below ground: 0

    Property

    Parking
    • Total spaces: 12
    • Parking features: Off Street, Public, Asphalt
    • Has uncovered spaces: Yes
    Features
    • Levels: Two
    • Stories: 2
    • Fencing: None
    Lot
    • Size: 4,007 sqft
    • Dimensions: 100 x 40
    • Features: Level, 0-2.9999, City/Town/Suburb, Lake, Landscaped
    Details
    • Additional structures: None
    • Additional parcels included: 7610-33-410-609.000-010
    • Parcel number: 761033410608.000010

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Quadruplex
    Materials
    • Wood Siding
    • Foundation: Slab
    • Roof: Asphalt,Shingle
    Condition
    • New construction: No
    • Year built: 1920

    Utilities & green energy

    • Electric: Indiana Michigan Power
    • Gas: NIPSCO
    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Security
    • Security features: Smoke Detector(s)
    Community
    • Community features: Laundry Facilities
    Location
    • Region: Hamilton
    • Subdivision: None

    HOA & financial

    Other financial information
    • Total actual rent: 38076

    Other

    Other facts
    • Listing terms: Cash,Conventional
    • Road surface type: Paved
    Services availability
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