3960 East Bellefontaine Road

Hamilton, IN 46742

$599,900
Price
6
Beds
6
Baths
4,636 Sq. Ft.
$129 / Sq. Ft.
4,636
Sq. Ft.
$129
per Sq. Ft.

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...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.
  1. Listed by Scott Marker • Anchor Realty

Property Details for 3960 East Bellefontaine Road

Style
Other
Subdivision
None
Waterfront
Yes
Water Features
Pier/Dock
Pet Restrictions
Yes

Location

Listing Courtesy of Anchor Realty
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LISTING UPDATED: 04/29/2024 04:22 PM

Property Details for 3960 East Bellefontaine Road

StatusActive
MLS #202406133
Days on Market65
Taxes$4,234 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / Other
Year Built1885
Lot Size0.20 AC / 8,712 SF
CountySteuben County

Location

Listing Courtesy of Anchor Realty
Add your commute

Building Information for 3960 East Bellefontaine Road

Stories3Residences6Year Built1885Building Size-Lot Size0.20 AC / 8,712 SF

Payment Calculator

$3,627 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,274

Property Taxes

$353

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 3960 East Bellefontaine Road

Summary
Location and General Information
  • Area: Steuben County
  • City: Hamilton
  • Zip + 4: 9364
  • Zip Code: 46742
  • State: IN
  • Township: Otsego
  • Geo Latitude: 42
  • Geo Longitude: -85
  • Fips Code: 18151
  • Directions To Property: Second building on the Northeast corner of Bellefontaine Rd and Wayne St. in Hamilton, IN.
  • Channel/Canal Frontage: 0.0
  • Lake Type: Ski Lake
  • Location: City/Town/Suburb, Lake
  • Water Frontage: 60.0
Taxes and HOA
  • Assoc Dues Frequency: Not Applicable
  • Year Taxes Payable: 2023
  • Parcel Number Id: 76-10-33-410-106.000-010
School Information
  • School District: Hamilton Community
  • Elementary: Hamilton
  • Middle School: Hamilton Middle
  • High School: Hamilton
Parking
  • Number Of Parking Spaces: 3
  • Parking: Garage, Gravel, Off Street
Property
Lot Information
  • Class: INVESTMENT
  • Property Subtype: Other
  • Approx Lot Size Acres: 0.2
  • Lot Dimensions: 60 X 146
  • Lot Number: 56
  • Below Grade Unfin Sqft: 200.0
  • Total Square Feet: 4836.0
  • Approx Lot Size Sqft: 8712.0
  • Above Grade Finished Sqft: 3336.0
  • Below Grade Finished Sqft: 1300.0
  • Total Below Grade Sqft: 1500.0
  • Total Finished Sqft: 4636.0
  • Above Grade Unfin Sqft: 0.0
  • Lot Description: Lake, Level, Waterfront, Water View
  • Outbuilding Length: 6.0
  • Outbuilding Sqft: 36
  • Outbuilding Width: 6.0
Property and Assessments
  • New Construction: No
  • Year Built: 1885
  • Age: 139
  • Planned Unit Development: No
Utilities
  • Sewer: City
  • Water Utility: City
  • Water Type: Lake
  • Water Access: Lakefront
  • Water Name: Hamilton Lake
Interior and Exterior Features
Exterior Features
  • Amenities: Basement, Ceiling Fan, Fireplace, Off Street Parking, Deck Open, Deck on Waterfront, Garage Door Opener, Patio Covered, Patio Open
  • Exterior: Block, Vinyl
  • Fence: None
  • Outbuilding: Shed
  • Platted: Yes
  • Pool: No
  • Roof Material: Flat, Metal
Interior Features
  • Number of Electric Meters: 6
  • Number of Gas Meters: 6
  • Number of Dishwashers: 0
  • Number of Disposals: 0
  • Number of Dryers: 1
  • Number of Microwaves: 0
  • Number of Ranges/Ovens: 4
  • Number of Refrigerators: 5
  • Number of W/D Hookups: 4
  • Number of Washers: 1
  • Number Water Meters: 1
  • Basement: Yes
  • Basement/Foundation: Walk-Out Basement
  • Cooling: Window
  • Flooring: Mixed
  • Heating/Fuel: Gas, Baseboard, Forced Air
  • Stories: 3
  • Number of Above Grade Bedrooms: 3
  • Number of Below Grade Baths: 1
  • Number of Below Grade Bedrooms: 3
  • Total Number of Bedrooms: 6
  • Total Number of Full Baths: 6
  • Total Number of Half Baths: 0
  • Total Baths: 6
  • Number Total Rooms Below Grade: 6
  • Num Of 1 Bedrooms: 3
  • Num Of 2 Bedrooms: 0
  • Num Of 3 Bedrooms: 1
  • Num Of 4 Bedrooms: 0
Multi Family
Multi-Family Information
  • Num of Efficiencies: 2
  • Num of Units Rented: 4
  • Number of Buildings: 3
  • Number of Units: 6
Income & Expenses Information
  • Annual Electric Expense: $1,200.00
  • Annual Fuel Expense: $800.00
  • Annual Gross Rent $: $52,800
  • Annual Insurance Expense: $3,000
  • Annual Maint. Expense: $3,500
  • Annual Misc: $1,200
  • Annual Net Income: $37,316
  • Annual Property Tax: $4,234
  • Annual Trash Expense: $350
  • Annual Water/Sewer Exp: $1,200
  • Gross Monthly Income: $4,400
  • Gross Monthly Rent: $4,400
Unit Information
Unit 1
  • Unit 1-Num of Bathrooms: 1
  • Unit 1-Num of Bedrooms: 3
  • Unit 1-Num of Rooms: 6
  • Unit 1-Basement: Yes
  • Unit 1-Currently Rented: Yes
  • Unit 1-Electric: Owner
  • Unit 1-Garage: No
  • Unit 1-Garage/Num of Cars: 2
  • Unit 1-Gas: Owner
  • Unit 1-Laundry Room: Bathroom
  • Unit 1-Level: Lower
  • Unit 1-Rent Frequency: Other
  • Unit 1-Unit Number: 1
  • Unit 1-Unit Rent $: $2,000
Unit 2
  • Unit 2-Num of Bathrooms: 1
  • Unit 2-Num of Bedrooms: 1
  • Unit 2-Num of Rooms: 3
  • Unit 2-Basement: No
  • Unit 2-Currently Rented: Yes
  • Unit 2-Deposit Amount: $850.00
  • Unit 2-Electric: Tenant
  • Unit 2-Garage: No
  • Unit 2-Gas: Tenant
  • Unit 2-Laundry Room: Closet
  • Unit 2-Lease Exp Date: 09-30-2024
  • Unit 2-Level: Main
  • Unit 2-Rent Frequency: Monthly
  • Unit 2-Unit Number: 2
  • Unit 2-Unit Rent $: $850
Unit 3
  • Unit 3-Num of Bathrooms: 1
  • Unit 3-Num of Bedrooms: 1
  • Unit 3-Num of Rooms: 3
  • Unit 3-Basement: No
  • Unit 3-Currently Rented: Yes
  • Unit 3-Deposit Amount: $1,600.00
  • Unit 3-Electric: Tenant
  • Unit 3-Garage: No
  • Unit 3-Gas: Tenant
  • Unit 3-Laundry Room: Closet
  • Unit 3-Lease Exp. Date: 03-31-2025
  • Unit 3-Level: Upper
  • Unit 3-Rent Frequency: Monthly
  • Unit 3-Unit Number: 3
  • Unit 3-Unit Rent $: $800
Unit 4
  • Unit 4-Num of Bedrooms: 1
  • Unit 4-Num of Rooms: 3
  • Unit 4-Basement: No
  • Unit 4-Currently Rented: Yes
  • Unit 4-Deposit Amount: $1,500.00
  • Unit 4-Electric: Tenant
  • Unit 4-Garage: No
  • Unit 4-Gas: Tenant
  • Unit 4-Laundry Room: Closet
  • Unit 4-Lease Exp Date: 05-31-2024
  • Unit 4-Level: Upper
  • Unit 4-Rent Frequency: Monthly
  • Unit 4-Unit Number: 4
  • Unit 4-Unit Rent $: $750
Unit 5
  • Unit 5-Num of Rooms: 2
  • Unit 5-Basement: No
  • Unit 5-Currently Rented: No
  • Unit 5-Electric: Tenant
  • Unit 5-Garage: No
  • Unit 5-Gas: Tenant
  • Unit 5-Laundry Room: None
  • Unit 5-Level: Main
  • Unit 5-Unit Number: 5
Unit 6
  • Unit 6-Num of Bathrooms: 1
  • Unit 6-Num of Rooms: 2
  • Unit 6-Basement: No
  • Unit 6-Currently Rented: No
  • Unit 6-Electric: Tenant
  • Unit 6-Garage: No
  • Unit 6-Gas: Tenant
  • Unit 6-Level: Main
  • Unit 6-Unit Number: 6
Rental
Rental Information
  • Lease Term: 1 Year
  • Owner Pays: Lawn Maintenance, Snow Removal, Trash Collection
  • Tenant Pays: Cable, Electric, Heating

Property History for 3960 East Bellefontaine Road

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 3960 East Bellefontaine Road

This home is within Hamilton Community Schools.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 12
Rating
School
Distance
Hamilton Community Elementary School
PublicK to 5

Hamilton Community High School
Public6 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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3960 East Bellefontaine Road is a multi-family home for sale in Hamilton, IN 46742. This property was listed for sale on February 27, 2024 by Anchor Realty, it's currently listed at $599,900. This listing's school district is Hamilton Community Schools. Nearby schools include Hamilton Community Elementary School and Hamilton Community High School. 3960 East Bellefontaine Road is a 6-bed, 6-bath, 4,636 sqft multi-family home built in 1885.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Anchor Realty

Based on information from one of the following Multiple Listing Services: MIBOR MLS,IRMLS,Southern Indiana REALTORS® Association,Southeastern Indiana Board of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by MIBOR MLS,IRMLS,Southern Indiana REALTORS® Association,Southeastern Indiana Board of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.