4 N Butler Ave, Indianapolis, IN 46219

4 N Butler AvePresented By:INC Investments LLC

View the full listing here: https://www.loopnet.com/Listing/4-N-Butler-Ave-Indianapolis-IN/17332297/

4 N Butler Ave, Indianapolis, IN 46219

Property Details

4 N Butler Ave

Fully occupied

Fully renovated

Savvy investment

14 Units historic apartment building, 100% occupied located in the desired Irvington neighborhood.waiting list to any vacant unit. Great investment with strong cash flow and rent-roll.Huge value-add by increasing rents and adding water charges to increase cap rate to 9.6%

Price: $1,000,000

No. Units: 14

Property Type: Multifamily

Property Sub-type: Apartments

Apartment Style: Low Rise

Building Class: B

Sale Type: Investment

Cap Rate: 7.15%

Stabilized CAP: 9.6%Lot Size: 0.15 AC

Building Size: 11,760 SF

No. Beds: 14

No. Stories: 2

Year Built: 1960

Parking Ratio: 1.77/1,000 SF

Zoning Description: MF

Unit/Room Mix Information

Description No. Units Avg. Rent/Mo Sq. Ft

4 N Butler Ave, Indianapolis, IN 46219

4 N Butler Ave

0+1 1 Negotiable 675

1+1 4 Negotiable 750

2+1 9 Negotiable 825

4 N Butler Ave, Indianapolis, IN 46219

Location

4 N Butler Ave

Primary Photo Building Photo

4 N Butler Ave, Indianapolis, IN 46219

Property Photos

4 N Butler Ave

Itamar Cohenicemail1@aol.com(317) 513-5202

INC Investments LLC2325 Pointe PkwyCarmel, IN 46032

4 N Butler Ave, Indianapolis, IN 46219

4 N Butler Ave