117 Broadway StButler, IN 46721

This exceptional investment opportunity presents an 18-unit apartment building located at 117 S Broadway St, Butler, IN 46721. The property, situated on a 0.3-acre lot, boasts a total of 14,238 square feet across three floors within a single building. Constructed in phases (1900 and 1975), the building underwent a complete renovation in 2022. Currently zoned GB, this Class C multifamily property offers significant potential. With 18 units, the asking price is $785,000, translating to approximately $43,611.11 per unit. The property's strong financial performance is highlighted by a projected net income of $140,000 when occupancy reaches 88%. This translates to an attractive 18% capitalization rate. The property's APN is 17-07-12-101-005.000-027. This renovated building presents a compelling opportunity for investors seeking strong returns in a stable market. The property's location in DeKalb County, Indiana provides easy access to local amenities and transportation. This is a turnkey investment ready for immediate income generation. Detailed financial information is available upon request.