• Property Type
  • Multi-Family 5+, Commercial Sale
  • 1550 Sqft
  • Area Size
438 E Michigan Street, Fortville, IN 46040
  • $2,100,000
  • $2,100,000

Description

This exceptional investment opportunity will not disappoint! Located just twenty miles northeast of Indianapolis in the heart of thriving Fortville, this portfolio presents 24 fully leased units spread across 12 well-maintained duplexes. Units are similar in size with 18 units featuring 2 bedrooms and 1 bathroom, five 3-bedroom/1 bath and a 1-bedroom/1 bath unit. Tenants pay all of their own utilities. Average rent per unit is $827(income improvement opportunity!). If you are an Investor seeking a high-performing, low-risk asset with strong cash flow, high occupancy, and significant growth potential in a steadily growing area… this portfolio may be the one! (Sale includes: 334-336, 442-444, and 438-440 E Michigan St, 326-328 N Madison St, 408-410,507-509,515-517,521-523 E Ohio, and 415-417, 501-503, 507-509, and 515-517 E Staat)

  • Address: 438 E Michigan Street
  • City: Fortville
  • State/county: IN
  • Zip/Postal Code: 46040

Details

Updated on November 6, 2025 at 1:24 pm
  • Property ID 22029722
  • Price $2,100,000
  • Property Size 1550 Sqft
  • Land Area 0.26 Acres
  • Garage Size x x
  • Year Built 1972
  • Property Type Multi-Family 5+, Commercial Sale
  • Property Status Closed

Additional details

  • Utilities Electricity Connected,Natural Gas Connected,Sewer Connected,Water Connected
  • County Hancock
  • Property Type Commercial Sale
  • Elementary School Fortville Elementary School
  • Middle School Mt Vernon Middle School
  • High School Mt Vernon High School
  • Architectural Style Ranch

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Contact Information

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Preeti Chaggar

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