3123 East Michigan Street
3123 East Michigan Street
$289,000
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Description
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...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!
- Listed by Peter Stewart • Keller Williams Indpls Metro N • peter@peterstewartrealty.com
Property Details for 3123 East Michigan Street
Architectural Style
TraditonalAmerican
Subdivision NameRhodes E Ohio St
TownshipCenter
WaterfrontNo
Location
LISTING UPDATED: 03/25/2024 08:35 AM
Property Details for 3123 East Michigan Street
Status | Active |
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MLS # | 21966123 |
Days on Market | 66 |
Taxes | $1,323 semi-annually |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income / Fourplex |
Year Built | 1900 |
Lot Size | 0.13 AC / 5,662 SF |
County | Marion County |
Location
Building Information for 3123 East Michigan Street
Stories-Residences4Year Built1900Building Size-Lot Size0.13 AC / 5,662 SF
Payment Calculator
$1,798 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 3123 East Michigan Street
Property History for 3123 East Michigan Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 3123 East Michigan Street
Taxable ValueLand$8,200Additions$142,900Total$151,100
Tax Record2022$3,712 ($309 / month)
Home Facts
Beds5Baths1Total Finished SqFt1,200 SqFtAbove Grade Finished SqFt1,200 SqFtStories2Lot Size5,619 SqFtStyleCondominiumYear Built1900ZoningZO01CountyMARIONAPN49-10-05-203-076.000-101
Schools near 3123 East Michigan Street
This home is within Indianapolis Public Schools.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 6 | |||
Public - | 7 to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Thomas D. Gregg School 15 PublicPK to 6 | ||
Arlington Community Middle School Public7 to 8 | ||
George Washington Community High School (9-12) Public9 to 12 | ||
Arsenal Technical High School Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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