770 E 61st St - Apartments FOR SALE


Indianapolis, IN 46220- Broad Ripple
$1,250,000 USD
317-590-4928
770 E 61st St, Indianapolis, IN for Sale
$1,250,000 USD
Apartments - FOR SALE
1/3
null | 6.66% Cap Rate

770 E 61st St
Indianapolis, IN 46220
Broad Ripple


OVERVIEW

Prime investment opportunity in a highly desirable location. Current rents are below market, providing immediate upside potential for increased cash flow. Excellent long-term value with room for rent growth and strong demand in the area.

FOR SALE DETAILS

PRICE

$1,250,000 USD

PRICE/SF

$144 USD /SF

# OF UNITS

7

PRICE/UNIT

$178,571

CAP RATE

6.66%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1965

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,632 SF

ZONING

ZO01

APN/PARCEL ID

49-06-01-150-005.000-801

ASK ABOUT THIS PROPERTY

Kerolos SarofemHSI Commercial Group, IncMore Info
317-590-4928

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Kerolos SarofemHSI Commercial Group, IncMore Info
317-590-4928

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