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Multifamily

Whittier Apartments

411 E 16th St, Indianapolis, IN 46202

Listing Price: $825,000

Cap Rate
6.43%
Number of Units
8
GRM
8.18
Price/Unit
$103,125
Price/Gross SF
$171.88
Gross SF
4,800

Investment Overview

The Whittier Apartments is a historic apartment complex built in 1910. Whittier underwent renovations and six of the eight units have been completely renovated at the end of 2023. This complex is located in between the Herron Morton and Old Northside neighborhoods, two of the most affluent neighborhoods in Indianapolis. Whittier is currently vacant but is undergoing lease-up. Two basement units (one 1-bed, and one studio unit) will need a full renovation to get up and running.

Investment Highlights

  • Beautiful Historic Property Built in 1910
  • Fantastic Location a Mile North of Downtown Indianapolis
  • Eight Units Total. Two Basement Units Need Full Renovation
  • Six Units have been Completely Renovated (All 2 bed/1 bath units, roughly 750 Square Feet)
  • Renovations were Recently Completed at the End of 2023. Whittier is Currently Vacant and in the Process of Lease-Up

Exclusively Listed By

Multifamily

Whittier Apartments

Listing Price: $825,000

Cap Rate
6.43%
Number of Units
8
GRM
8.18
Price/Unit
$103,125
Price/Gross SF
$171.88
Gross SF
4,800

Investment Highlights

  • Beautiful Historic Property Built in 1910
  • Fantastic Location a Mile North of Downtown Indianapolis
  • Eight Units Total. Two Basement Units Need Full Renovation
  • Six Units have been Completely Renovated (All 2 bed/1 bath units, roughly 750 Square Feet)
  • Renovations were Recently Completed at the End of 2023. Whittier is Currently Vacant and in the Process of Lease-Up

Investment Overview

The Whittier Apartments is a historic apartment complex built in 1910. Whittier underwent renovations and six of the eight units have been completely renovated at the end of 2023. This complex is located in between the Herron Morton and Old Northside neighborhoods, two of the most affluent neighborhoods in Indianapolis. Whittier is currently vacant but is undergoing lease-up. Two basement units (one 1-bed, and one studio unit) will need a full renovation to get up and running.

Exclusively Listed By

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