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3960 E Bellefontaine Road, Hamilton, IN 46742

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For Sale
Sale Pending

$539,900

6 beds • 6 baths • 4,636 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • $116.46
    Price per square foot

  • Basement
    Rooms

Explore this Property

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.
MLS# 202406133

Courtesy Of Anchor Realty

(260) 402-0744

Property Features

  • Amenities
    Deck, Dock, Patio, Water Front
  • Appliances
    Dryer, Range
  • Architecture Style
    Other
  • Exterior Type
    Block
  • Heating System
    Baseboard, Forced Air
  • Lot Size
    0.2 Acres
  • Roof Type
    Metal
  • Rooms
    Basement

Map and Directions

Directions to 3960 E Bellefontaine Road, Hamilton, IN 46742

Home seller CENTURY 21 Bradley Realty, Inc.

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Bradley Realty, Inc.

(260) 399-1177
Learn More About Us

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Monthly Payment Breakdown

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Copyright © 2024 Northeastern Indiana Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% 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. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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