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Ryan Klingle

ryan@812houses.com +1(812) 296-4150

$ 260,000

Est. payment -/mo

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Active

501 N Broadway Street Butler, IN 46721

8 Beds

6 Baths

3,712 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Sixplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,712 sqft

MLS Listing ID 202618820

Style Two Story

Bedrooms 8

Full Baths 6

Abv Grd Liv Area 3,712

Total Fin. Sqft 3712

Year Built 1900

Annual Tax Amount $4,745

Lot Size 7,840 Sqft

Property Sub-Type Sixplex

Property Description

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.

Location

State IN

County Dekalb County

Area Dekalb County

Direction Take State Rd 1 into the town of Butler. Building will be on left side of the road, about 5 blocks before the center of town.

Rooms

Family Room 750 x 650

Dining Room 0 x 650

Kitchen , 750 x 600

Interior

Flooring Carpet, Laminate, Vinyl

Appliance Building, Land, Lease

Laundry , 6

Exterior

Exterior Feature Laundry Facilities

Garage Spaces 1.0

Fence None

Amenities Available Basement, Off Street Parking, Countertops-Laminate

Roof Type Asphalt,Shingle

Total Parking Spaces 6

Building

Lot Description Level, 0-2.9999

Story 2

Structure Type Vinyl

New Construction No

Schools

Elementary Schools Butler

Middle Schools Eastside

High Schools Eastside

School District Dekalb Co. Eastern

Others

Financing Cash,Conventional

Virtual Tour https://www.propertypanorama.com/instaview/irmls/202618820

IDX information provided by the Indiana Regional MLS

Listed by Christina Koher • RE/MAX Results • Cell: 260-668-9235

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