IN > Fortville
Fortville, IN 46040,438 E Michigan ST
Fortville, IN 46040,438 E Michigan ST
Fortville, IN 46040,438 E Michigan ST
Fortville, IN 46040,438 E Michigan ST
Fortville, IN 46040,438 E Michigan ST
Fortville, IN 46040,438 E Michigan ST
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Jim Benson

Jim Benson

+1(812) 989-7450
Listed by Audra Cannon • CRM Properties, Inc.
$ 2,100,000
Est. payment | /mo

1,550 SqFt

Save
$ 2,100,000
Est. payment | /mo
Save

1,550 SqFt

Key Details

Property Type Commercial

Sub Type Multi-Family 5+

Listing Status Active

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, Gas, 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

MIBOR MLS
© 2025 Listings courtesy of MIBOR as distributed by MLS GRID. All Rights Reserved.
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438 E Michigan ST

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