212 S Ivy Ln | Butler, IN 46721
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- LoopNet Team
212 S Ivy Ln
Butler, IN 46721
Ivy Lane Apartments · Multifamily Property For Sale
·
24 Units
INVESTMENT HIGHLIGHTS
- Demonstrated value-add opportunity – 2-bedroom pre-leased at renovated rent
- Complete roof tear off and replacement done in 2015 – little to no deferred maintenance
- Strong demand & occupancy – currently 100% occupied with a waiting list
PROPERTY FACTS
| No. Units | 24 | Building Size | 17,104 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1986/2013 |
| Building Class | C | Parking Ratio | 1.81/1,000 SF |
| Lot Size | 1.90 AC | ||
| Zoning | R-2 | ||
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.90 AC |
| Building Size | 17,104 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1986/2013 |
| Parking Ratio | 1.81/1,000 SF |
| Zoning | R-2 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Dishwasher
- Refrigerator
- Range
- Wheelchair Accessible (Rooms)
SITE AMENITIES
- Laundry Facilities
- Property Manager on Site
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 8 | - | 626 |
| 2+1 | 16 | - | 756 |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $928,100 | |
| Land Assessment | $178,700 | Total Assessment | $1,106,800 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$178,700
Improvements Assessment
$928,100
Total Assessment
$1,106,800
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