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3123 E Michigan Street Indianapolis, IN $ 289,000
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$ 289,000 Get more info
3123 E Michigan Street
$ 289,000
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3123 E Michigan Street

Indianapolis, IN, 46201
$ 289,000
Baths0.0

Monthly Estimate*

$ 2,019

3123 E Michigan Street, Indianapolis, IN 46201 - Image 1
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3123 E Michigan Street, Indianapolis, IN 46201 - Image 13
Studio

Multi-Family Home for sale in Indianapolis, IN

for $289,000. This home was built in 1900 on a lot size of 0.13.

INVESTOR ALERT!! RARE 4-PLEX NOW AVAILABLE!! Don't miss this great opportunity to acquire a turnkey 4 unit property on Indy's near eastside. Excellent location near multiple revitalized neighborhoods, and just minutes into Indy's amazing downtown. Fully tenant occupied so you'll be bringing in income from day one! Units are all 1/1's and the gross rents are currently $2285. Property is all electric. Electricity is separately metered and the tenants pay. Owner pays water/sewer but each tenant is charged $50/mo to cover the expense. Lots of recent updates over the past few years including all new electrical wiring and meters, baseboard heaters, water heaters, water mains, most windows, siding/eaves, appliances, and more! Roof around 13yrs old. Property is professionally managed by the Wilmoth Group. Get your offer in today and add this excellent rental property to your portfolio!

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Multi-Family Active

Price

$ 289,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 2,646

Style

TraditonalAmerican

Lot Size

0.13

Year Built

1900

Town/City

Indianapolis

County/Region

Marion

MLS | Web ID

21966123
Features
General
Heating Baseboard
Cooling None
Possession Subject To Tenants Rights
Roof Asphalt
Architectural Style TraditonalAmerican
Construction Materials Aluminum Siding Vinyl Siding
Year Built 1900
Tenant Pays Electricity
Township Center
Levels Two
Property SubType Fourplex
Tax Year 2022
Current Use Apt<20
County Marion
New Construction N
Property Type Residential Income
Subdivision Name Rhodes E Ohio St
Facing Direction North
Status Active
Directions GPS Friendly
City Indianapolis
Buyer Agent Compensation 3.0
View Y/N N
High School District Indianapolis Public Schools
Total Units 4
MLS Area 4912 - Marion - Center Ne
Lot Size Square Feet 5619
Waterfront Y/N N
Street Name Michigan
Current Financing Conventional
Additional Parcels Y/N N
Days on Market 26
Structure Type Quadruplex
Standard Status Active
Tax Lot 6&7
Buyer Agent Compensation Type %
Legal Description Rhodes E Ohio St Add L6 & L7 Ex 45' S Side Lots
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Exterior
Lot Features Busline Corner Lot
Foundation Details Block
Lot Size Acres 0.13
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Interior
Basement (Y/N) Y
Street Suffix Street
Laundry Features No Laundry Facil.
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* Excluded Features
List By
Keller Williams Indpls Metro N

Broker

peter@peterstewartrealty.com

Email

Affordability Calculator

$2,239
Per Month
90%
10%
0%
Monthly Principal & Interest
$2,019
Monthly Property Taxes
$221
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% 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. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4044905 Elementary School
4044909 Middle School
Unknown High School High School
See complete school information
Pricing History
Date Price Price Change Description
3/1/2024 $289,000 Listed Price

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3123 E Michigan Street, Indianapolis, IN, 46201 is a Multi-Family Home for sale at $289,000 with a lot size of 0.13. 3123 E Michigan Street is a studio with 0.0 baths and was built in 1900. The property's zip code is 46201 which is in Indianapolis, IN

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