This versatile multi-family investment opportunity in the heart of Butler offers strong cash flow potential with a cap rate of 10% or greater! This well-maintained six-unit apartment building features two spacious 2-bedroom units and four 1-bedroom units, making it an attractive option for a variety of tenants. Conveniently located near downtown Butler and within easy commuting distance to many local factories and major employers, the property benefits from consistent rental demand. Designed for low-maintenance ownership, the exterior features durable vinyl siding and a metal roof. Tenants enjoy off-street parking for up to six residents, a shared laundry facility, and private full bathrooms in every unit. Each apartment also includes a kitchen equipped with a refrigerator, stove, and cabinet storage. A detached garage provides valuable additional storage space for maintenance materials, tools, or other operational needs. Tenants pay all utilities, helping maximize owner profitability, and the current owners utilize professional property management for streamlined operations. Whether you are looking to expand your portfolio or step into multifamily investing, this income-producing property presents an excellent opportunity with solid returns and long-term potential.
Listed By
Agency Name: RE/MAX Results
Agency Contact: Cell: 260-668-9235
Agent Name: Christina Koher
Shown By
Agent Name: Lorrie Monn
Agent Phone: (765) 894-0426
Agency Title: Key Realty
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Estimated Payment
$ 1,530.20 per month $1,454.37 Principal & Interest $0.00 Property Tax (data not provided by mls) $75.83 Homeowner's Insurance
501 N Broadway Street | MLS# 202618820
This multi-family property located at 501 N Broadway Street, Butler, IN 46721 is currently listed for sale with an asking price of $260,000. N Broadway Street is located within the Dekalb Co. Eastern school district. Search Butler real estate on lorriemonn.ikeyrealty.com today.