4811 E Michigan Street, Indianapolis, IN 46201
- $250,000
- $270,000
- Quadruplex, Residential Income
- Sqft
4811 E Michigan Street, Indianapolis, IN 46201
- $250,000
- $270,000
Description
Investor opportunity in Indianapolis with strong cash flow and upside. Two units currently occupied with 2 units vacant and ready to lease; Both 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.
Address
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Address: 4811 E Michigan Street
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City: Indianapolis
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State/county: IN
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Zip/Postal Code: 46201
Details
Updated on March 27, 2026 at 9:49 pm-
Property ID 22073146
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Price $250,000
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Land Area 0.14 Acres
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Garage Size x x
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Year Built 1925
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Property Type Quadruplex, Residential Income
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Property Status Withdrawn
Additional details
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County Marion
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Property Type Residential Income
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Parking Alley Access
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Architectural Style Traditional
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