416 N Center St
Plainfield, IN 46168
Center Street Apartments Building 1 & 2 · Multifamily Property For Sale · 16 Units

Marcus & Millichap is pleased to present a vintage 1984 16 unit two bedroom investment in Plainfield, Indiana. The opportunity offers investors a turn-key stable project and consistent returns in a great location. The current leasing manager is being offered for hire and can be easily financed with bank debt due to the owner and manager's historical excellent maintenance, good bookkeeping, and strong historical occupancy. Individually metered for gas and electric. Water/Sewer master metered but billed back to tenants as a recaptured expense. Less than 15 minutes from Indianapolis International Airport and downtown Indianapolis. Indianapolis International Airport borders the east side of Plainfield, in Marion County. Overall the Town has 20 miles of trails that includes trails, sidewalks, and paths linking parks, schools, libraries, businesses, and residential areas extending as far north as Avon, as far east as Indianapolis, and as far south as Mooresville. U.S. Route 40, also known as the Historic National Road and the Cumberland Road, passes through the middle of Plainfield and is the main arterial route running east to west in the town. It leads northeast 14 miles to downtown Indianapolis and southwest 57 miles to Terre Haute. From north to south, State Road 267 connects Plainfield to the neighboring towns of Avon and Mooresville, and it provides access to Interstate 70, about 3 miles south of US-40. Plainfield's 72,735 five mile radius population estimate offers a boasting 63% civilian employed labor force and less than 3% Unemployment. Between 2010 and 2017 Plainfield has been attracting residents to the area at a growth of 11% and still growing. It's strong average household income of $81,624 provides the community with a strong economic back bone for schools, parks, and public services for years to come.