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117 S Broadway Street - Butler IN 117 S Broadway St 18 Unit Apartment Building $785,000 ($43,611/Unit) Butler, IN 46721
Investment Highlights
- 18 Apartments
- Formerly used as exclusive housing for local manufacturing company
- Recently Renovated
- Potential NOI $140,000 (When 88% Leased)
Executive Summary
Located in the heart of North Butler, Indiana, 117 S. Broadway Street is a recently renovated 18-unit multi-family property offering 14,238 square feet across three floors. Formerly used as exclusive housing for a local manufacturing company, the building has been extensively remodeled as of 2022—including roof updates and modern interior improvements. Situated on 0.301 acres with surface parking, sprinkler system, and boiler heat, the property also benefits from General Business zoning, which allows for a wide variety of potential uses beyond multi-family housing.
FOR MORE DETAILED INFORMATION, AND TO VIEW ALL BND PROPERTIES, PLEASE VISIT OUR WEBSITE AT www.bndcommercial.com/listings.
FOR MORE DETAILED INFORMATION, AND TO VIEW ALL BND PROPERTIES, PLEASE VISIT OUR WEBSITE AT www.bndcommercial.com/listings.
Property Facts
| Price | $785,000 | Building Class | B |
| Price Per Unit | $43,611 | Lot Size | 0.30 AC |
| Sale Type | Investment | Building Size | 14,238 SF |
| No. Units | 18 | Average Occupancy | 85% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1900 |
| Apartment Style | Low-Rise | ||
| Zoning | GB - General Business | ||
| Price | $785,000 |
| Price Per Unit | $43,611 |
| Sale Type | Investment |
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.30 AC |
| Building Size | 14,238 SF |
| Average Occupancy | 85% |
| No. Stories | 3 |
| Year Built | 1900 |
| Zoning | GB - General Business |
Amenities
Unit Amenities
- Air Conditioning
Site Amenities
- 24 Hour Access
- Laundry Facilities
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Property Taxes
| Parcel Number | 17-07-12-101-005.000-027 | Improvements Assessment | $411,400 |
| Land Assessment | $13,100 | Total Assessment | $424,500 |
Property Taxes
Parcel Number
17-07-12-101-005.000-027
Land Assessment
$13,100
Improvements Assessment
$411,400
Total Assessment
$424,500
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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117 S Broadway Street - Butler IN | 117 S Broadway St
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