3960 E Bellefontaine Road Hamilton, IN $ 599,900
3960 E Bellefontaine Road
$ 599,900
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3960 E Bellefontaine Road

Hamilton, IN, 46742
$ 599,900
Bedrooms6 Baths6.0 Sq 4,636

Monthly Estimate*

$ 4,190

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Multi-Family Home for sale in Hamilton, IN

for $599,900 with 6 bedrooms and 6 full baths. This 4,636 square foot home was built in 1885.

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.

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Multi-Family Active

Price

$ 599,900

Bedrooms

6

Full Bath

6

Property Type

Multi-Family

Taxes

$ 4,234

Style

Year Built

1885

Town/City

Hamilton

County/Region

Steuben

MLS | Web ID

202406133

Features
General
Heating Gas Baseboard Forced Air
Cooling Window
Water Access Type Lakefront
Sewer City
# of Buildings 3
Status Active Active
Full Baths 6
Half Baths 0
Bathrooms 6
Year Built 1885
Parking Garage Gravel Off Street
New Construction No
Tenant Pays Cable Electric Heating
Subdivision None
Style Other
Stories 3
Township Otsego
Class INVESTMENT
Type Other
Age 139
Net Income 37316
Rent Income 52800
Features Basement Ceiling Fan Fireplace Off Street Parking Deck Open Deck on Waterfront Garage Door Opener Patio Covered Patio Open
REO No
Area Steuben County
Location City/Town/Suburb Lake
High School Hamilton
City Hamilton
School District Hamilton Community
Total Sq Ft 4836
Street Name Bellefontaine
Elementary School Hamilton
Middle School Hamilton Middle
Legal Description OP LOT 5 BLK 14 & 11 X60' WALL ON LOT 6 BLK 14 TOWN OF HAMILTON
Virtual Tour https://www.propertypanorama.com/instaview/irmls/202406133
Agent First Name Scott
Agent Last Name Marker
DOM 72
Tax Year 2023
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Interior
Basement Walk-Out Basement
Flooring Mixed
Beds 6
Total Number of Units 6
Microwaves 0
Refrigerators 5
Washers 1
Dryer(s) 1
Dishwasher(s) 0
Disposal(s) 0
Above Grade Bedrooms 3
Below Grade Baths 1
Below Grade Bedrooms 3
Total Rooms Below Grade 6
Ranges/Ovens 4
W/D Hookups 4
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Exterior
Exterior Block Vinyl
Water Frontage 60
Pool Y/N No
Number of Parking Spaces 3
Waterfront Lake
Lot Size Area 8712
Lot Dimensions 60 X 146
Lot Description Lake Level Waterfront Water View
Fence None
Water Meters 1
Electric Meters 6
Outbuilding Shed
Water Features Pier/Dock
Gas Meters 6
Lake Ski Lake
Waterfront Y/N Yes
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* Excluded Features
List By
Scott Marker

Listing Agent

Anchor Realty

Broker

scott@anchorrealty101.com

Email

Affordability Calculator

$4,543
Per Month
92%
8%
0%
Monthly Principal & Interest
$4,190
Monthly Property Taxes
$353
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
1235847 Elementary School
1235807 Middle School
Hamilton High School High School
Pricing History
DatePricePrice ChangeDescription
4/29/2024$599,900 -4.00% Price Down
2/27/2024$624,900 Listed Price

Map


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3960 E Bellefontaine Road, Hamilton, IN, 46742 is a Multi-Family Home for sale at $599,900 with 4,636 sqft. 3960 E Bellefontaine Road has 6 bedrooms, 6.0 baths, and was built in 1885. The property's zip code is 46742 which is in Hamilton, IN