601 Walton Ave Michigan City, IN 46360

This exceptional investment opportunity presents a portfolio of 35 single-family rental buildings comprising 38 units located at 601 Walton Ave, Michigan City, Indiana, 46360. The portfolio is currently operating at 100% occupancy, generating a substantial net operating income (NOI) of $312,000, resulting in an attractive 8.26% capitalization rate. Priced at $3,775,000, this represents a price per unit of $99,342.11. The property is classified as Class B and is considered a stabilized investment. The portfolio benefits from existing management for a monthly fee of $1500. Michigan City is experiencing significant redevelopment, including shoreline projects and the South Shore double tracking project, attracting substantial investment and promising continued growth. This presents a compelling opportunity for investors seeking strong returns and built-in equity in a dynamic market. Financial details are available upon request. The sale is offered as a For Sale By Owner transaction.