337 N Butler Ave - Apartments FOR SALE


Marion, IN 46952
$875,000 USD
812-964-9084
337 N Butler Ave, Marion, IN for Sale
$875,000 USD
Apartments - FOR SALE
1/1
null | 8.15% Cap Rate

337 N Butler Ave
Marion, IN 46952


HIGHLIGHTS

  • Pro Forma 10+% cap rate and 14% Cash on Cash return
  • All major Capex recently completed
  • Current rents are $71 below market

FOR SALE DETAILS

PRICE

$875,000 USD

PRICE/SF

$88 USD /SF

# OF UNITS

20

PRICE/UNIT

$43,750

CAP RATE

8.15%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1971

PARKING SPACES

28

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,356 SF

ZONING

-

APN/PARCEL ID

27-06-01-103-021.000-008

ASK ABOUT THIS PROPERTY

Teddy KennyMarcus & MillichapMore Info
812-964-9084

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

Teddy KennyMarcus & MillichapMore Info
812-964-9084

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