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2345 Perkins Ave - Perkins Street Apartments 20 Unit Apartment Building Offered at $2,079,921 CAD at a 8% Cap Rate Indianapolis, IN 46203

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EXECUTIVE SUMMARY

* 20 units, 4 Separate Buildings
* 100% Occupancy
* In place average rents @ $698/month
* Can boost rents $150/month/unit
* 1, 2 and 3 bedroom units
* In place professional management who is willing to continue managing the property should the buyer decide to retain their services
* Pet friendly

PROPERTY FACTS

Price $2,079,921 CAD
Price Per Unit $103,996 CAD
Sale Type Investment
Cap Rate 8%
No. Units 20
Property Type
Multifamily
  • Multifamily Apartments
Apartment Style Garden
Lot Size 1.84 AC
Building Size 15,277 SF
Average Occupancy 100%
No. Stories 2
Year Built/Renovated 1964/2010
Parking Ratio 2.29/1,000 SF

AMENITIES

UNIT AMENITIES

  • Air Conditioning
  • Microwave
  • Heating
  • Kitchen
  • Refrigerator
  • Tub/Shower
  • Freezer

SITE AMENITIES

  • 24 Hour Access
  • Playground
  • Wheelchair Accessible
  • Recycling
  • Walking/Biking Trails
  • Walk-Up

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
3+1 1 - 800
2+1 1 - 700
1+1 18 - 600

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
49-10-20-104-244.000-101
Land Assessment
$258,015 CAD
Improvements Assessment
$466,563 CAD
Total Assessment
$724,578 CAD
  • Listing ID: 37588787

  • Date on Market: 2025-09-08

  • Last Updated:

  • Address: 2345 Perkins Ave, Indianapolis, IN 46203

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