1400 E Hanna Ave - Apartments FOR SALE


Indianapolis, IN 46227
$4,450,000 USD
317-809-4567
1400 E Hanna Ave, Indianapolis, IN for Sale
$4,450,000 USD
Apartments - FOR SALE
1/22
null | 6.84% Cap Rate

1400 E Hanna Ave
Indianapolis, IN 46227


HIGHLIGHTS

  • All units are fully leased for the 2023 - 2024 School Year
  • 21 total buildings
  • Located just blocks away from University Of Indianapolis Campus

OVERVIEW

Portfolio of student housing for the University of Indianapolis. Includes 25 doors, with 73 total bedrooms. 100% leased for the '24-'25 school year.

FOR SALE DETAILS

PRICE

$4,450,000 USD

PRICE/SF

$148 USD /SF

# OF UNITS

25

PRICE/UNIT

$178,000

CAP RATE

6.84%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

UI Student Housing Portfolio

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1920

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,133 SF

ZONING

SFR

APN/PARCEL ID

49-10-30-106-001.064-501,49-10-30-118-026.000-574,49-10-30-118-049.000-574,49-10-30-118-064.000-574,49-10-30-118-134.000-574,49-10-30-118-155.000-574,49-10-30-118-157.000-574,49-10-30-118-164.000-574,49-10-30-118-209.000-574,49-10-30-118-220.000-574,49-10-30-118-225.000-574,49-10-30-118-227.000-574,49-10-30-118-234.000-574,49-10-30-118-235.000-574,49-10-30-118-240.000-574,49-10-30-118-241.000-574,49-10-30-118-243.000-574,49-10-30-118-257.000-574,49-10-31-101-001.149-501,49-10-31-101-001.172-501,49-10-31-101-001.294-501

ASK ABOUT THIS PROPERTY

Bob LindgrenLee & Associates - IndianapolisMore Info
317-809-4567

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Bob LindgrenLee & Associates - IndianapolisMore Info
317-809-4567

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.