3980 E Church St Hamilton, IN 46742

Available now is this mixed-use building, priced right for the savvy investor looking for a low-maintenance, updated property with steady cash flow with an ideal location in a growing community with above-average household income, a booming summer lake population, and just two blocks from Hamilton Lake. The 3600 sf building consists of two one-bedroom apartments upstairs and two 3-room commercial/office/retail suites on the main level, as well as a common area with a laundry facility with coin-op washer and dryer and kitchenette/breakroom. Three units have long-term tenants with leases through 2027 for good cash flow, and one office suite not rented currently is available for immediate occupancy that would yield additional income. All units have keyless programmable keypads for entry with key backups to make switching codes easy when needed. Ecobee Smart thermostats allow you to monitor temperature and air quality and make the HVAC system more efficient. All main level lighting has been replaced with high-efficiency LED panels for brighter light and energy savings. Most units on main level have been repainted, and kitchenette and common bathroom were remodeled in the past three years. There is a new A/C unit in 2023 with warranty; the roof was replaced in 2019; water heater was replaced in 2021. The fully-furnished upscale apartments offer luxury bathrooms, stainless steel appliances and modern decor that makes them highly sought-after. For the commercial spaces on the main level, Suite 1 and 2 (currently connected) include a large main space (31' x 9') which could be a reception/waiting area, a showroom, or cubicle space; a private office (11.5' x 13') with a storage closet with extensive shelving and a bonus workroom with a built-in cabinet and counter. Suite 2 measures approximately 11 x 12. Suites 1 and 2 are accessed through the main entrance. Suite 5 is an 11 x 16 office with large closet (with outside entrance off Church St); Suite 4 which is an adjacent office that measures 11 x 16 and has three windows; and Suite 3 which is a 14 x 13 interior office with small sink. Hallway/corridor connects main entrance foyer, private restroom, Suite 3 and Suite 4. Suite 5 can be entered from Suite 4 or from the outside entrance. Perfect for a professional services business, retail, or office.