Homes for sale - 164 Butner DR, Hope, IN 47246

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Denise Wilson

denisewilsonrealtor@gmail.com +1(317) 339-9205

Listed by Emma Moore • Weichert, REALTORS®

$ 1,600,000

Est. payment | -/mo

12,204 SqFt

Save

$ 1,600,000

Est. payment | -/mo

Save

12,204 SqFt

Key Details

Property Type Commercial

Sub Type Multi-Family 5+

Listing Status Active

Purchase Type For Sale

Square Footage 12,204 sqft

Price per Sqft $131

MLS Listing ID 22040577

Year Built 1975

Tax Year 2024

Lot Size 18.000 Acres

Acres 18.0

Property Sub-Type Multi-Family 5+

Property Description

Welcome to Goshen Meadows! A rare opportunity to acquire a fully rented, professionally maintained 18-unit apartment complex in the heart of Hope, Indiana. This income-producing property includes three separately addressed buildings (161, 162, and 164 Butner Drive), each offering six units-12 two-bedroom and 6 one-bedroom apartments, all with one bathroom. Many units feature thoughtful interior updates, including newer kitchen cabinets, luxury vinyl plank flooring, and modern lighting-enhancing both tenant appeal and rental value. All units are in market-ready condition. Situated just minutes from Columbus and Hope's charming town square, great schools, and popular eateries, the property benefits from strong rental demand, zero vacancy, and a stable tenant base. Several leases are scheduled for rent increases, offering immediate upside while ensuring long-term cash flow stability. For buyers seeking financing, we can connect you with trusted lender partners who may offer favorable terms. Out-of-state investors can also take advantage of our vetted property management referrals to make ownership easy and seamless. This is a truly turnkey multifamily investment, ideal for experienced investors or those looking to expand their portfolio with a reliable, income-generating asset.

Location

State IN

County Bartholomew

Zoning 401 - 4 to 19 Family Apar

Interior

Heating Forced Air, Natural Gas

Fireplace N

Exterior

Exterior Feature Exterior Handicap Accessible, Storage Shed

Utilities Available Electricity Connected

Building

Story One

Foundation Slab

Structure Type Brick

New Construction false

Schools

Elementary Schools Hope Elementary School

High Schools Hauser Jr-Sr High School

School District Flat Rock-Hawcreek School Corp

GET MORE INFORMATION

Denise Wilson

REALTOR® | Lic# RB14030234

denisewilsonrealtor@gmail.com

+1(317) 339-9205

8310 Allison Point Blvd Suite 201, Indianapolis, IN, 46250, USA

164 Butner DR Hope, IN 47246

Denise Wilson

Key Details

Location

Interior

Exterior

Building

Schools

164 Butner DR