202 N. Lake Ave is a well maintained beach compound with 2 fee simple town homes: 202 East and 202 West. Combined, the building has approx. 4500 square feet of living space and about 1000 square feel of private composite and cedar decking including 2 private rooftops with no yard maintenance. Views of Lake Michigan can be enjoyed from both units. West is tenant occupied on a m-t-m lease. East is owner occupied and upgraded as detailed in the photos. Elevator shafts are installed in both units. The wall separating the 2 town homes could be opened up for single family living. For investors this building actually has 3 rental options available as the East unit has a lower level 1 bedroom apartment that can be rented separately. Both units have private parking for 4 cars, totaling 8 parking spots! Summer rentals are in high demand in this lovely beach community!
This listing 202 North Lake Avenue Michigan City, In 46360
is a two to four units listing
with 6 bedrooms . 202 North Lake Avenue was built in 2007. 202 North Lake Avenue is located in Michigan City and in ZIP Code 46360.
It has been listed on our site since 7/18/17.
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*Private mortgage insurance is an insurance policy that a residential mortgage lender requires of the borrower if the loan-to-value (LTV) ratio of the home is greater than 80%. Mortgage insurance protects the lender from the risk that the borrower may default on the loan. Federal law requires lenders to notify borrowers when the loan-to-value ratio drops below 80%. Mortgage insurance premiums vary, but generally range from $1,000 to $5,000 a year for an average priced home.
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