Check Availability
$289,000
Multifamily - For Sale

3123 E Michigan Street

Indianapolis, IN 46201
bedrooms
Studio
bathrooms
0 Bath
$1,420
Estimated Monthly

About This Property

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!
Unit Size
-
Days on Market
89 days
Land Size
0.13 acres
Price per sqft
-
Property Type
Multifamily
Property Taxes
-
HOA Dues
-
Year Built
1900

Listed By

Peter Stewart
Peter Stewart
Peter Stewart Realty
Last updated: 3 months ago (MIBORIN #21966123)

Price History

Date / Event Date Event Price
Feb 29, 2024 Listed by Keller Williams Indianapolis Metro North $289,000
Listed by Keller Williams Indianapolis Metro North
Jul 11, 2019 Sold to Mark Nishiguchi $175,000
Sold to Mark Nishiguchi
Mar 16, 2017 Sold $80,000
Sold

Property Highlights

Interior Details

Basement Information

Basement
Exterior Details

Exterior Information

Aluminum Siding
Vinyl Siding

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Multifamily
Stu
-
-
$299,000 Feb 6, 2024
-
-
Land
Loft
-
-
$250,000 Oct 5, 2023
-
-
House
3 Beds
2 Baths
1,659 ft²
$172/ft²
$285,000 Jan 4, 2024
-
-
House
4 Beds
2.5 Baths
1,720 ft²
$174/ft²
$299,000 Nov 9, 2023
-
-
House
3 Beds
2.5 Baths
1,872 ft²
$160/ft²
$299,000 Nov 9, 2023
-
-
House
3 Beds
2 Baths
1,890 ft²
$164/ft²
$310,000 Nov 1, 2023
-
-
House
4 Beds
2 Baths
1,846 ft²
$168/ft²
$310,000 Oct 17, 2023
-
-
House
3 Beds
3 Baths
2,063 ft²
$121/ft²
$249,900 Feb 14, 2024
-
-
House
3 Beds
1.5 Baths
2,202 ft²
$118/ft²
$260,000 Jun 12, 2023
-
$119/mo

Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20190127
01/27/2019
Studio
-
-
$119,000
bedrooms
Studio
bathrooms
-
-
-
-
-

Building Info

3123 East Michigan Street 3123 East Michigan Street, Indianapolis, IN 46201
  • 1 Unit for Sale
More about this Building
3123 East Michigan Street
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