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$399,000 -

1515 E Michigan Street Indianapolis IN 46201

-
Bedrooms
-
Baths
N/A
SQ. Feet
(Above Ground)
0.15
Acres

A profitable investment with long-term, valued tenants. This 5-unit multi-family property is 2 miles east from downtown Indianapolis, 2 miles north of Fountain Square, north or Arsenal Heights and Holy Cross. Many updates have been completed. Including but not limited to a new roof, new siding in some areas, new gutters, new soffits, replaced plumbing to the street, replaced gas lines and a new electrical panel. The front building holds 4 units. The garage was converted into a unit. There are many newly developed residential and commercial properties nearby. The property is 100% occupied. The new owners would have to honor and respect the leases. Tours are scheduled in advance and all tours must show proof of funds prior to touring the property. All tenants are current with their rents and are exceptional tenants. A breakdown of financials and leases are available to buyers who have submitted proof of funds or financing.

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Property Details

Price: $399,000 Previously: $399,000 Originally: $419,000 Bathrooms: 0.00 MLS #: 21966692 Year Built: 1910 Township: Center Type: Residential Income Zip Code: 46201 City: Indianapolis Subdivision: No Subdivision County: Marion School District: Indianapolis Public Schools High School: Arsenal Technical High School Middle School: H L Harshman Middle School Elementary School: Theodore Potter School 74

Interior Features

Interior Features:

Exterior Features

Exterior Features:
  • # Acres: 0.15

Listing Office: F.c. Tucker Company

Office Contact: Annie.Scott@talktotucker.com

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All information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties that a consumer may be interested in purchasing. All Information believed to be reliable but not guaranteed and should be independently verified. © 2024 Metropolitan Indianapolis Board of REALTORS®. All rights reserved.

Listing information last updated on May 9th, 2024 at 3:16am EDT.

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