501 N Broadway St, Butler, IN 46721
- $230,000
- 8
- BD
- 6
- BA
- 3,712
- SqFt
Listing courtesy of Christina Koher from RE/MAX Results. Cell: 260-668-9235
Selling Office: CENTURY 21 Bradley Realty, Inc.- Sold Price
- $230,000
- List Price
- $260,000
- Status
- CLOSED
- MLS#
- 202618820
- Closing Date
- Jul 30, 2026
- Year Built
- 1900
- Days On Market
- Unknown
- Bedrooms
- 8
- Bathrooms
- 6
- Living Area
- 3,712
- Township
- Wilmington
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.
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Additional Information
- Acres
- 0.18
- Taxes
- $2,635
- Lot Features
- Level
- Water
- City
- Heating
- Forced Air
- Cooling
- Window/Wall
- Flooring
- Carpet, Laminate, Vinyl
- School District
- Dekalb Co. Eastern
- Elementary School
- Butler
- Middle School
- Eastside
- High School
- Eastside
- Agent Name
- Christina Koher
Listings courtesy of Indiana Regional MLS as distributed by MLS GRID. 