438 E Michigan Street, Fortville, IN 46040

$1,900,000
1,550
SqFt

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Sold Price
$1,900,000
List Price
$2,100,000
Closing Date
Nov 05, 2025
MLS#
22029722
Property Type
Commercial Sale
Sqft. of Residence
1,550
Year Built
1972
Days on Market
222
Status
SOLD

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)

Additional Information

Stories
One
Architecture
Ranch
Acres
0.26
Region
Vernon

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of CRM Properties, Inc.. Selling Office: eXp Realty, LLC.

Information Deemed Reliable But Not Guaranteed. © 2026 MIBOR Broker Listing Cooperative