1010-1028 S 14th St - Apartments FOR SALE


New Castle, IN 47362
$1,799,000 USD
647-740-3348
1010-1028 S 14th St, New Castle, IN for Sale
$1,799,000 USD
Apartments - FOR SALE
1/11
null | Request Cap Rate

1010-1028 S 14th St
New Castle, IN 47362


HIGHLIGHTS

  • 24 Unit Building
  • Updates available
  • Mixed unit size from Studio, 1BR, 2BR, & 3BR
  • Close proximity to Indianapolis
  • Tenant Parking

OVERVIEW

Prime Investment Opportunity in New Castle, IN – 24-Unit Multifamily Complex Near Indianapolis Introducing a fully renovated 24-unit multifamily apartment building in the thriving New Castle market, just 45 minutes from downtown Indianapolis. This two-story property has undergone extensive upgrades totaling over $150,000–$200,000, enhancing both unit interiors and building infrastructure. Unit Mix: 2 Studio Units 17 One-Bedroom, One-Bath Units 3 Two-Bedroom, One-Bath Units 2 Three-Bedroom, One-Bath Units With a diverse unit mix, this property appeals to a wide range of tenants—from singles and couples to small families. The building is professionally maintained and offers strong rental upside in a market experiencing 4.2% annual appreciation. Financing may be available with a strong offer and DP!

FOR SALE DETAILS

PRICE

$1,799,000 USD

PRICE/SF

$124 USD /SF

# OF UNITS

24

PRICE/UNIT

$74,958

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Highland Terrace Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1900

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.67 AC

LAND SF

29,185 SF

ZONING

RM

APN/PARCEL ID

33-12-15-420-329.000-016

ASK ABOUT THIS PROPERTY

Juan VillarrealVillar Real Estate AdvisorsMore Info
647-740-3348

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Juan VillarrealVillar Real Estate AdvisorsMore Info
647-740-3348

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.