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Listed by Justin Wade • BLK Key Realty
$ 290,000
Est. payment /mo
New
4811 E Michigan ST Indianapolis, IN 46201
6,098 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Subdivision Layman & Carey
MLS Listing ID 22073146
Year Built 1925
Tax Year 2024
Lot Size 6,098 Sqft
Acres 0.14
Property Sub-Type Quadruplex
Property Description
Welcome to 4811 E Michigan Street. Turn-key cash flow in the heart of Indy! This income-producing 4-unit property offers the opportunity to bringing in approx. $3,300/month when fully occupied, exceeding the coveted 1% rule and offering instant return from day one. All tenants are month-to-month, giving a buyer immediate flexibility whether to continue cash-flowing or reposition rents for even greater returns. Each unit is separately metered, and tenants pay their own utilities, keeping operating expenses low. The lower level offers the potential for a fifth unit, additional storage or separate laundry area for the tenants. This home is perfect for new or seasoned investors alike a rare opportunity to own a stabilized, cash-flowing asset with built-in upside in Indianapolis.
Location
State IN
County Marion
Interior
Fireplace N
Building
Story Two
Foundation Block
Architectural Style Traditional
Structure Type Vinyl Siding
New Construction false
Schools
School District Indianapolis Public Schools
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