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164 Butner Drive

Hope, IN 47246
  • $1,600,000
  • STATUS: Pending
  • ON SITE: 45 Days
  • MLS #: 22040577
Under Contract
$1,600,000
  • 0
    BEDS
  • 18
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
Built:
1975
County:

School Information

Elementary School:
School District:

Description

Welcome to Goshen Meadows! A rare opportunity to acquire a fully rented, professionally maintained 18-unit apartment complex in the heart of Hope, Indiana. This income-producing property includes three separately addressed buildings (161, 162, and 164 Butner Drive), each offering six units-12 two-bedroom and 6 one-bedroom apartments, all with one bathroom. Many units feature thoughtful interior updates, including newer kitchen cabinets, luxury vinyl plank flooring, and modern lighting-enhancing both tenant appeal and rental value. All units are in market-ready condition. Situated just minutes from Columbus and Hope's charming town square, great schools, and popular eateries, the property benefits from strong rental demand, zero vacancy, and a stable tenant base. Several leases are scheduled for rent increases, offering immediate upside while ensuring long-term cash flow stability. For buyers seeking financing, we can connect you with trusted lender partners who may offer favorable terms. Out-of-state investors can also take advantage of our vetted property management referrals to make ownership easy and seamless. This is a truly turnkey multifamily investment, ideal for experienced investors or those looking to expand their portfolio with a reliable, income-generating asset.

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© 2025 Metropolitan Indianapolis Board of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the BLC® listing service or Mike Price Realty Team - RE/MAX Centerstone.

Based on information submitted to the MLS GRID as of 2025-07-13T00:26:21.17. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Click here for MLS GRID DMCA Notice
www.mikepricerealestate.com/homes/164287070
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164 Butner Drive Hope, IN 47246

  • Price: $1,600,000
  • Status: Pending
  • On Site: 45 Days
  • MLS #: 22040577
0
Beds
0
Baths
0
½ Baths
18
Acres
1975
Built
Neighborhood:
304 - Bartholomew - Haw Creek
County:
Bartholomew
Area:
304 - Bartholomew - Haw Creek
Elementary School:
Hope Elementary School
High School:
Hauser Jr-Sr High School
School District:
Flat Rock-Hawcreek
Property Description
Welcome to Goshen Meadows! A rare opportunity to acquire a fully rented, professionally maintained 18-unit apartment complex in the heart of Hope, Indiana. This income-producing property includes three separately addressed buildings (161, 162, and 164 Butner Drive), each offering six units-12 two-bedroom and 6 one-bedroom apartments, all with one bathroom. Many units feature thoughtful interior updates, including newer kitchen cabinets, luxury vinyl plank flooring, and modern lighting-enhancing both tenant appeal and rental value. All units are in market-ready condition. Situated just minutes from Columbus and Hope's charming town square, great schools, and popular eateries, the property benefits from strong rental demand, zero vacancy, and a stable tenant base. Several leases are scheduled for rent increases, offering immediate upside while ensuring long-term cash flow stability. For buyers seeking financing, we can connect you with trusted lender partners who may offer favorable terms. Out-of-state investors can also take advantage of our vetted property management referrals to make ownership easy and seamless. This is a truly turnkey multifamily investment, ideal for experienced investors or those looking to expand their portfolio with a reliable, income-generating asset.
Exterior Features

Construction Materials Brick Exterior Features Exterior Handicap AccessibleStorage Shed Foundation Details Slab Levels One Lot Information Curbs Structure Type Apartment BuildingApartment Complex

Interior Features

Basement YN No Building Area Total 12204 Ceiling Height 8 Heating Forced AirNatural Gas

Property Features

Acres 10-20 Acres Building Utilities Municipal Storm Connected Current Use Apt<20 Dpr YN No Green Certification YN No Multi Tenants Yes New Construction YN No Number Of Units Total 18 Possession Subject To Tenants Rights Possible Use Apt<20 Property Attached YN Yes Property Sub Type Multi-Family 5+ Semi Annual Property Tax Amt 10705 Space Available 12204 Tax Year 2024 Township Haw Creek Transaction Type Sale Utilities Electricity Connected Zoning 401 - 4 to 19 Family Apar

Listing provided courtesy of Weichert, REALTORS®: emmrealty@gmail.com. © 2025 Metropolitan Indianapolis Board of REALTORS®. Information Deemed Reliable But Not Guaranteed.


© 2025 Metropolitan Indianapolis Board of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the BLC® listing service or Mike Price Realty Team - RE/MAX Centerstone.

Based on information submitted to the MLS GRID as of 2025-07-13T00:26:21.17. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Click here for MLS GRID DMCA Notice
 
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Plainfield IN, 46168