Hamilton, IN 46742-9364,3960 E Bellefontaine Road
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Hamilton, IN 46742-9364,3960 E Bellefontaine Road
Hamilton, IN 46742-9364,3960 E Bellefontaine Road
Hamilton, IN 46742-9364,3960 E Bellefontaine Road
Hamilton, IN 46742-9364,3960 E Bellefontaine Road

$500,000

Est. payment /mo

$539,900

7.4%
Est.Price: ?

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3960 E Bellefontaine Road Hamilton, IN 46742-9364

6 Beds

6 Baths

4,636 SqFt

SOLD DATE : 12/06/2024

Key Details

Sold Price $500,000

Property Type Single Family Home

Sub Type Other

Listing Status Sold

Purchase Type For Sale

Square Footage 4,636 sqft

MLS Listing ID 202406133

Sold Date 12/06/24

Style Other

Bedrooms 6

Full Baths 6

Abv Grd Liv Area 3,336

Total Fin. Sqft 4636

Year Built 1885

Annual Tax Amount $3,000

Tax Year 2023

Lot Size 8,712 Sqft

Property Sub-Type Other

Property 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 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.

Location

State IN

County Steuben County

Area Steuben County

Direction Second building on the Northeast corner of Bellefontaine Rd and Wayne St. in Hamilton, IN.

Rooms

Family Room 850 x 800

Dining Room 0 x 2000

Kitchen , 750

Interior

Flooring Mixed

Fireplaces Number 3

Appliance Building, Land, Lease

Laundry , 3

Exterior

Garage Spaces 1.0

Fence None

Amenities Available Basement, Ceiling Fan, Fireplace, Off Street Parking, Deck Open, Deck on Waterfront, Garage Door Opener, Patio Covered, Patio Open

Waterfront Description Lake

Roof Type Flat,Metal

Total Parking Spaces 3

Building

Lot Description Lake, Level, Waterfront, Water View

Story 3

Structure Type Block,Vinyl

New Construction No

Schools

Elementary Schools Hamilton

Middle Schools Hamilton Middle

High Schools Hamilton

School District Hamilton Community

Others

Financing Cash,Conventional,Lease w/Option to Buy

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Indiana Regional MLS (IRMLS)
Listed by Scott Marker • Anchor Realty
Bought with Scott Marker • Anchor Realty
agent

Jason Wampler

Broker | RBRB14035810

+1(574) 249-1336

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