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Listed by Jacob Deacon • eXp Realty, LLC
$ 249,000
Est. payment /mo
Pending
2623 E Michigan ST Indianapolis, IN 46201
5,227 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Pending
Purchase Type For Sale
Subdivision Saint Clairs
MLS Listing ID 22038426
Year Built 1900
Tax Year 2024
Lot Size 5,227 Sqft
Acres 0.12
Property Sub-Type Fourplex
Property Description
Attention all investors! Located in one of Indy's most up-and-coming corridors, 2623 East Michigan Street is surrounded by revitalization, new development, and long-term growth potential. This quadplex, featuring four 1 bed / 1 bath units, sits in a prime location that makes it a standout opportunity for strategic investors. The property is zoned for multifamily use, with special zoning that allows you the potential to add a fifth unit-unlocking even more value. A detached garage out back adds convenience and potential for additional income or parking flexibility. Whether you're new to the game or a seasoned investor, this is the perfect chance to execute the BRRRR strategy-Buy, Rehab, Rent, Refinance, Repeat. With cosmetic updates still needed, this is your opportunity to force appreciation and turn this into a strong, cash-flowing asset. Don't miss out on a quadplex with this much upside in one of Indy's hottest redevelopment zones.
Location
State IN
County Marion
Interior
Fireplace N
Exterior
Garage Spaces 3.0
View Y/N false
Building
Story Two
New Construction false
Schools
School District Indianapolis Public Schools
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