2442 N Illinois Street, IN 46208

$975,000
2,880
SqFt

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List Price
$975,000
Status
ACTIVE
Days on Market
76
MLS#
22119321
Subtype
Commercial Sale
Year Built
1910
Living Area
2,880
Acres
0.12
MLS Area Major
Center

Property Description

* 8 Unit Apartment Building * Fully renovated in 2021 (plumbing, electrical, kitchens, baths, roofing) and just 1 mile from IU Health's $4.3B downtown hospital campus, this 8-unit Indianapolis multifamily offers a diversified rent roll - 7 leased units plus a flexible Airbnb unit (more than 90% occupancy). TTM income of $88,720 delivers a 6.61% cap rate on NOI, backed by real owner disbursement history. Lean expenses. A rare, stabilized income property priced to perform, steps from one of the largest development projects in the city!

Additional Information

Taxes
$5,418
Air Conditioning
None, Separate Meters, Window Unit(s)
Stories
Two
Foundation
Full

Listing courtesy of Kristin Glassburn. @properties

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Listings courtesy of MIBOR Broker Listing Cooperative as distributed by MLS GRID.


Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker of MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some listings have been excluded from this website.