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Listed by Emma Moore • Weichert, REALTORS®
$ 1,600,000
Est. payment /mo
New
164 Butner DR Hope, IN 47246
12,204 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi-Family 5+
Listing Status Active
Purchase Type For Sale
Square Footage 12,204 sqft
Price per Sqft $131
MLS Listing ID 22040577
Year Built 1975
Tax Year 2024
Lot Size 18.000 Acres
Acres 18.0
Property Sub-Type Multi-Family 5+
Property Description
Welcome to Goshen Meadows! A rare opportunity to acquire a fully rented, professionally maintained 18-unit apartment complex in the heart of Hope, Indiana. This income-producing property includes three separately addressed buildings (161, 162, and 164 Butner Drive), each offering six units-12 two-bedroom and 6 one-bedroom apartments, all with one bathroom. Many units feature thoughtful interior updates, including newer kitchen cabinets, luxury vinyl plank flooring, and modern lighting-enhancing both tenant appeal and rental value. All units are in market-ready condition. Situated just minutes from Columbus and Hope's charming town square, great schools, and popular eateries, the property benefits from strong rental demand, zero vacancy, and a stable tenant base. Several leases are scheduled for rent increases, offering immediate upside while ensuring long-term cash flow stability. For buyers seeking financing, we can connect you with trusted lender partners who may offer favorable terms. Out-of-state investors can also take advantage of our vetted property management referrals to make ownership easy and seamless. This is a truly turnkey multifamily investment, ideal for experienced investors or those looking to expand their portfolio with a reliable, income-generating asset.
Location
State IN
County Bartholomew
Zoning 401 - 4 to 19 Family Apar
Interior
Heating Forced Air, Natural Gas
Fireplace N
Exterior
Exterior Feature Exterior Handicap Accessible, Storage Shed
Utilities Available Electricity Connected
Building
Story One
Foundation Slab
Structure Type Brick
New Construction false
Schools
Elementary Schools Hope Elementary School
High Schools Hauser Jr-Sr High School
School District Flat Rock-Hawcreek School Corp
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