IN > Indianapolis > Layman & Carey
Indianapolis, IN 46201,4811 E Michigan ST
Indianapolis, IN 46201,4811 E Michigan ST
Indianapolis, IN 46201,4811 E Michigan ST
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$270,000
Est. payment /mo
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6,098 Sqft Lot
Active

4811 E Michigan ST Indianapolis, IN 46201

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Jack Aikin

Jack Aikin

+1(317) 341-1461

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Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Subdivision Layman & Carey

MLS Listing ID 22073146

Year Built 1925

Tax Year 2024

Lot Size 6,098 Sqft

Acres 0.14

Property Sub-Type Quadruplex

Property Description

Welcome to 4811 E Michigan Street. Turn-key cash flow in the heart of Indy! This income-producing 4-unit property offers the opportunity to bringing in approx. $3,300/month when fully occupied, exceeding the coveted 1% rule and offering instant return from day one. All tenants are month-to-month, giving a buyer immediate flexibility whether to continue cash-flowing or reposition rents for even greater returns. Each unit is separately metered, and tenants pay their own utilities, keeping operating expenses low. The lower level offers the potential for a fifth unit, additional storage or separate laundry area for the tenants. This home is perfect for new or seasoned investors alike a rare opportunity to own a stabilized, cash-flowing asset with built-in upside in Indianapolis.

Location

State IN

County Marion

Interior

Fireplace N

Building

Story Two

Foundation Block

Architectural Style Traditional

Structure Type Vinyl Siding

New Construction false

Schools

School District Indianapolis Public Schools

MIBOR MLS
© 2025 All listing information is courtesy of MIBOR Broker Listing Cooperative(R) as distributed by MLS Grid. All rights reserved.

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Jack Aikin

Jack Aikin

Agent | RBRB19000475

+1(317) 341-1461

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4811 E Michigan ST

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