2442 N Illinois Street, Indianapolis, IN 46208
- $975,000
- 2,880
- SqFt
- List Price
- $975,000
- MLS#
- 22119321
- Property Type
- Commercial Sale
- Sqft. of Residence
- 2,880
- Year Built
- 1910
- Days on Market
- 4
- Status
- ACTIVE
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
- Basement
- Daylight, Full, Walk-Out Access
- Foundation
- Full
- Stories
- Two
- Architecture
- Split Level
- Acres
- 0.12
- Heat
- Baseboard
- Cooling
- None, Separate Meters, Window Unit(s)
- Region
- Center
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