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3960 E Bellefontaine Rd, Hamilton, IN, 46742

$599,900

Home List Price

$7,124*

Closing Credit

0 Baths
House
Schools Nearby

Location

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3960 E Bellefontaine Rd, Hamilton$599,900

Buyer Closing Credits

$7,124*

1.25% Loan Amount

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Property Highlights

Home TypeOther
Year Built1885
HeatingNatural Gas, Baseboard, Forced Air
CoolingWindow Unit(s)
MLS #202406133
Lot Size0.20 Acres
StatusActive

About 3960 E Bellefontaine Rd

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.

Property Details

Property Features

Property Information:

  • Year Built: 1885
  • Stories: 3

Listing Office:

  • Office Name: Anchor Realty
  • Listing Agent: Scott Marker

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Lot Features

Lot Information:

  • Lot Size: 0.20 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Baseboard, Forced Air
  • Cooling: Window Unit(s)

School Info

Assigned Schools Information:

  • Hamilton Community High School, Public District Grades 7-12
  • Hamilton Community Elementary School, Public District Grades KG-6

Other

Directions Information:

  • Directions: Second building on the Northeast corner of Bellefontaine Rd and Wayne St. in Hamilton, IN.

Price Information

Listing Price Info

Price Summary:

  • List Price: $599,900
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MLS Details

MLS Information:

  • MLS Number: #202406133

Listing Office:

  • Office Name: Anchor Realty
  • Listing Agent: Scott Marker

IDX The data on this website relating to real estate for sale comes in part from the Internet Data Exchange (IDX) program of the Indiana Regional MLS (IRMLS). IDX information is provided exclusively 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. Data is deemed reliable but is not guaranteed accurate by the MLS. ©2011-2024 Indiana Regional MLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/2/2024, 5:25:16 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

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$3,062

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Rate/APR

7.5% / 6.68%

Total Monthly Payment

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-4555616
2
/10
  • Hamilton Community Elementary School

  • 903 S Wayne St

  • 0.83 miles

  • Public District Grades KG-6

High School

school-card-donut-4555617
3
/10
  • Hamilton Community High School

  • 903 S Wayne St

  • 0.83 miles

  • Public District Grades 7-12

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $63,194. Most Steuben County, IN residents have annual incomes between $35k-100k. Typical family type is married, no kids. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 3960 E Bellefontaine Rd

What is the listing price of this property?

The listing price of 3960 E Bellefontaine Rd property is $599,900.

What type of property is this?

The property 3960 E Bellefontaine Rd is a house located in Hamilton, Indiana, 46742.

Is this property for sale now?

Active Listing: 3960 E Bellefontaine Rd is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 3960 E Bellefontaine Rd are:
Hamilton Community Elementary School: GreatSchools Rating 2/10
Hamilton Community High School: GreatSchools Rating 3/10

Which year was this property built?

The year of construction for 3960 E Bellefontaine Rd is 1885.

Rocket HomesIndianaSteuben CountyHamilton467423960 E Bellefontaine Rd

This home is located at 3960 E Bellefontaine Rd in Hamilton, IN and zip code 46742. This home was built in 1885. It has been listed on Rocket Homes since February 27, 2024 and is currently priced at $599,900.

The inventory of homes for sale in Steuben County, IN between March 2024 and April 2024 increased by 90.5%. The median list price of listings available in April 2024 was $316,950, while the average time on the real estate market was 61 days.

From Rocket Homes Real Estate and based on county public records data.

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