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1515 E Michigan Street Indianapolis, IN $ 419,000
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$ 419,000 Get more info
1515 E Michigan Street
$ 419,000
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1515 E Michigan Street

Indianapolis, IN, 46201
$ 419,000
Baths0.0

Monthly Estimate*

$ 2,927

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Studio

Multi-Family Home for sale in Indianapolis, IN

for $419,000. This home was built in 1910 on a lot size of 0.15.

A profitable investment with long-term, valued tenants. This 5-unit multi-family property is 2 miles east from downtown Indianapolis, 2 miles north of Fountain Square, north or Arsenal Heights and Holy Cross. Many updates have been completed. Including but not limited to a new roof, new siding in some areas, new gutters, new soffits, replaced plumbing to the street, replaced gas lines and a new electrical panel. The front building holds 4 units. The garage was converted into a unit. There are many newly developed residential and commercial properties nearby. The property is 100% occupied. The new owners would have to honor and respect the leases. Tours are scheduled in advance and all tours must show proof of funds prior to touring the property. All tenants are current with their rents and are exceptional tenants. A breakdown of financials and leases are available to buyers who have submitted proof of funds or financing.

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Multi-Family Active

Price

$ 419,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 3,612

Style

Apartment Building

Lot Size

0.15

Year Built

1910

Town/City

Indianapolis

County/Region

Marion

MLS | Web ID

21966692
Features
General
Possession Closing
Year Built 1910
Township Center
Levels Two
Property SubType Duplex
Tax Year 2022
Current Use Apt<20
County Marion
New Construction N
Property Type Residential Income
Subdivision Name No Subdivision
Possible Use Apt<20
Status Active
Directions GPS Friendly
High School Arsenal Technical High School
City Indianapolis
Buyer Agent Compensation 3
High School District Indianapolis Public Schools
Total Units 5
MLS Area 4911 - Marion - Center Nw
Lot Size Square Feet 6403
Street Name Michigan
Elementary School Theodore Potter School 74
Middle/Junior High School H L Harshman Middle School
Days on Market 1
Structure Type Apartment Building
Standard Status Active
Tax Lot -
Buyer Agent Compensation Type %
Legal Description Sturm & Kollers Corr Add L4
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Interior
Basement (Y/N) Y
Street Suffix Street
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Exterior
Lot Size Acres 0.15
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* Excluded Features
List By
F.C. Tucker Company

Broker

Annie.Scott@talktotucker.com

Email

Affordability Calculator

$3,228
Per Month
91%
9%
0%
Monthly Principal & Interest
$2,927
Monthly Property Taxes
$301
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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THE TIME TO SELL IS NOW!
Nearby
4594326 Elementary School
4047606 Middle School
Arsenal Technical High School High School
See complete school information
Pricing History
Date Price Price Change Description
3/6/2024 $419,000 Listed Price

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1515 E Michigan Street, Indianapolis, IN, 46201 is a Multi-Family Home for sale at $419,000 with a lot size of 0.15. 1515 E Michigan Street is a studio with 0.0 baths and was built in 1910. The property's zip code is 46201 which is in Indianapolis, IN

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