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770 E 61st St 7 Unit Apartment Building $1,250,000 ($178,571/Unit) 6.66% Cap Rate Indianapolis, IN 46220
EXECUTIVE SUMMARY
Prime investment opportunity in a highly desirable location. Current rents are below market, providing immediate upside potential for increased cash flow. Excellent long-term value with room for rent growth and strong demand in the area.
PROPERTY FACTS
| Price | $1,250,000 | Apartment Style | Low-Rise |
| Price Per Unit | $178,571 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.29 AC |
| Cap Rate | 6.66% | Building Size | 8,664 SF |
| No. Units | 7 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1965 |
| Property Subtype | Apartment | ||
| Zoning | ZO01 | ||
| Price | $1,250,000 |
| Price Per Unit | $178,571 |
| Sale Type | Investment |
| Cap Rate | 6.66% |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.29 AC |
| Building Size | 8,664 SF |
| No. Stories | 2 |
| Year Built | 1965 |
| Zoning | ZO01 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 6 | - | - |
1 1
Walk Score®
Very Walkable (87)
Bike Score®
Very Bikeable (86)
PROPERTY TAXES
| Parcel Number | 49-06-01-150-005.000-801 | Improvements Assessment | $285,500 |
| Land Assessment | $50,900 | Total Assessment | $336,400 |
PROPERTY TAXES
Parcel Number
49-06-01-150-005.000-801
Land Assessment
$50,900
Improvements Assessment
$285,500
Total Assessment
$336,400
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770 E 61st St
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