2442 Illinois Street, Indianapolis
2442 Illinois Street, Indianapolis, IN 46208
Purpose unavailable
$975,000
Property Details
Bedrooms
Bathrooms
N/A
Sq Ft
1910
Year Built
Additional Information
Home Features
Providence Property Group, PC
Central Indiana real estate services
Office
612 N Madison Ave
Greenwood, IN 46142
Call/Text
(317) 746-0616
garrettvaleu@providenceproperty.group
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!
Location
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2442 Illinois Street, Indianapolis, IN 46208
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Listing provided courtesy of Kristin Glassburn at @properties
Contact: kris@atpropertiesind.com
Listings courtesy of MIBOR Broker Listing Cooperative as distributed by MLS GRID
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