701 S 14th St - Apartments FOR SALE


New Castle, IN 47362
$840,000 USD
317-385-1750
701 S 14th St, New Castle, IN for Sale
$840,000 USD
Apartments - FOR SALE
1/23
null | 8.14% Cap Rate

701 S 14th St
New Castle, IN 47362


HIGHLIGHTS

  • 7,344 SF building
  • 12 units
  • Value add through rental increase
  • Renovated in 2024-25
  • Zoned R3
  • 92% occupancy

OVERVIEW

Discover a prime investment opportunity with this meticulously maintained 7,344 SF property in New Castle, IN, 47362. Featuring 12 units and an impressive 92% occupancy rate, this building presents a compelling option for Multifamily investors. Renovated in 2024-2025, the property offers modern amenities within a well-maintained structure, ensuring tenant satisfaction and long-term value. With rental increase upside and a sought-after R3 zoning classification, this asset is positioned to generate strong returns and establish a solid foothold in the thriving New Castle area. Don't miss the chance to capitalize on this exceptional commercial real estate opportunity.

FOR SALE DETAILS

PRICE

$840,000 USD

PRICE/SF

$114 USD /SF

# OF UNITS

12

PRICE/UNIT

$70,000

CAP RATE

8.14%

% LEASED

92%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1974

PARKING SPACES

17

LAND DETAILS

LAND ACRES

0.25 AC

LAND SF

10,890 SF

ZONING

R

APN/PARCEL ID

33-12-15-240-209.000-016

ASK ABOUT THIS PROPERTY

David TurkBerkshire HathawayMore Info
317-385-1750

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David TurkBerkshire HathawayMore Info
317-385-1750

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