117 S Broadway St - Apartments FOR SALE


Butler, IN 46721
$785,000 USD
260-410-3627
117 S Broadway St, Butler, IN for Sale
$785,000 USD
Apartments - FOR SALE
1/16
null | Request Cap Rate

117 S Broadway St
Butler, IN 46721


HIGHLIGHTS

  • 18 Apartments
  • Recently Renovated
  • Formerly used as exclusive housing for local manufacturing company
  • Potential NOI $140,000 (When 88% Leased)

OVERVIEW

Located in the heart of North Butler, Indiana, 117 S. Broadway Street is a recently renovated 18-unit multi-family property offering 14,238 square feet across three floors. Formerly used as exclusive housing for a local manufacturing company, the building has been extensively remodeled as of 2022—including roof updates and modern interior improvements. Situated on 0.301 acres with surface parking, sprinkler system, and boiler heat, the property also benefits from General Business zoning, which allows for a wide variety of potential uses beyond multi-family housing. FOR MORE DETAILED INFORMATION, AND TO VIEW ALL BND PROPERTIES, PLEASE VISIT OUR WEBSITE AT www.bndcommercial.com/listings.

FOR SALE DETAILS

PRICE

$785,000 USD

PRICE/SF

$55 USD /SF

# OF UNITS

18

PRICE/UNIT

$43,611

CAP RATE

Request Cap Rate

% LEASED

85%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

117 S Broadway Street - Butler IN

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.3 AC

LAND SF

13,068 SF

ZONING

GB

APN/PARCEL ID

17-07-12-101-005.000-027

ASK ABOUT THIS PROPERTY

Karl BehrensBND Commercial Real EstateMore Info
260-410-3627

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Karl BehrensBND Commercial Real EstateMore Info
260-410-3627

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