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2442 N Illinois Street, Indianapolis, IN 46208

$975,000
2,880
SqFt
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List Price
$975,000
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812-537-1700

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!

812-537-1700
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Listing courtesy of Kristin Glassburn from @properties

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


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