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Listed by Justin Wade • BLK Key Realty
$ 250,000
Est. payment /mo
Active
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
Investor opportunity! Turn-key 4-unit in Indianapolis with strong cash flow and upside. Two units currently occupied with one vacant and ready to lease; one unit needs light TLC, offering value-add potential. Fully occupied rents project approx. $3,300/month, exceeding the 1% rule. All tenants are month-to-month, providing flexibility for rent increases or repositioning. Separately metered units with tenants paying utilities keep expenses low. Lower level offers potential for additional storage, laundry, or future unit. Ideal for new or seasoned investors seeking a stabilized asset with upside.
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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