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Listed by Audra Cannon • CRM Properties, Inc.
$2,100,000
Est. payment /mo
1,550 SqFt
Pending
438 E Michigan ST Fortville, IN 46040
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Key Details
Property Type Commercial
Sub Type Multi-Family 5+
Listing Status Pending
Purchase Type For Sale
Square Footage 1,550 sqft
Price per Sqft $1,354
MLS Listing ID 22029722
Year Built 1972
Tax Year 2024
Lot Size 0.260 Acres
Acres 0.26
Property Sub-Type Multi-Family 5+
Property 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)
Location
State IN
County Hancock
Zoning Commercial
Interior
Fireplace N
Exterior
Utilities Available Electricity Connected, Sewer Connected, Water Connected
Building
Story One
Architectural Style Ranch
Structure Type Brick,Vinyl Siding
New Construction false
Schools
Elementary Schools Fortville Elementary School
Middle Schools Mt Vernon Middle School
High Schools Mt Vernon High School
School District Mt Vernon Community School Corp
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