2302 N Ritter Ave - Apartments FOR SALE


Indianapolis, IN 46218
$3,590,000 USD
317-218-5347
2302 N Ritter Ave, Indianapolis, IN for Sale
$3,590,000 USD
Apartments - FOR SALE
1/20
null | 6.86% Cap Rate

2302 N Ritter Ave
Indianapolis, IN 46218


HIGHLIGHTS

  • Attractive unit mix - 78% 2-bedrooms
  • Year-over-year rent growth of 6.8% in submarket
  • Extensive capital expenditures completed - new gas lines, exterior painting, all new AC units, and more
  • 100% of units renovated

FOR SALE DETAILS

PRICE

$3,590,000 USD

PRICE/SF

$92 USD /SF

# OF UNITS

42

PRICE/UNIT

$85,476

CAP RATE

6.86%

% LEASED

90%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

East Ridge Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1969

PARKING SPACES

77

LAND DETAILS

LAND ACRES

2.01 AC

LAND SF

87,556 SF

ZONING

-

APN/PARCEL ID

49-07-27-103-002.000-701

ASK ABOUT THIS PROPERTY

Jack FriskneyMarcus & MillichapMore Info
317-218-5347

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Jack FriskneyMarcus & MillichapMore Info
317-218-5347

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