Indianapolis, IN 46201,2425 E Michigan ST
Indianapolis, IN 46201,2425 E Michigan ST
Indianapolis, IN 46201,2425 E Michigan ST
Indianapolis, IN 46201,2425 E Michigan ST
Indianapolis, IN 46201,2425 E Michigan ST
Indianapolis, IN 46201,2425 E Michigan ST
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Listed by Wesley Short • Resource Commercial R.E.

$120,000

$119,000

0.8%
Est.Price: ?

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Est. payment /mo

10,018 Sqft Lot


SOLD DATE : 02/02/2024

Key Details

Sold Price $120,000

Property Type Multi-Family

Sub Type Fourplex

Listing Status Sold

Purchase Type For Sale

Subdivision Eastside

MLS Listing ID 21954963

Sold Date 02/02/24

Year Built 1920

Tax Year 2023

Lot Size 10,018 Sqft

Acres 0.23

Property Description

Situated in an Opportunity Zone this property offers investors the chance to maximize returns post redevelopment with tax incentives. Multifamily, retail, or office redevelopment all permitted. Area surrounding the property is quicky changing and on a clear upward trajectory, large appreciation potential post development. Easy access and close proximity to public transportation traveling to downtown and other surrounding areas of Indianapolis. Just moments from Downtown Indianapolis and surrounded by numerous employers, this location is in high rental demand. Flexible MU-2 zoning classification allows for an investor to be creative in finding the highest and best use for the property.

Location

State IN

County Marion

Zoning MU2

Interior

Fireplace N

Building

Story Two

New Construction false

Schools

School District Indianapolis Public Schools

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