164 Butner Drive, Hope, IN 47246
- $1,600,000
- $1,600,000
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.
Address
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Address: 164 Butner Drive
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City: Hope
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State/county: IN
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Zip/Postal Code: 47246
Details
Updated on August 30, 2025 at 2:06 pm-
Property ID 22040577
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Price $1,600,000
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Property Size 12204 Sqft
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Land Area 18 Acres
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Garage Size x x
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Year Built 1975
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Property Type Multi-Family 5+, Commercial Sale
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Property Status Closed
Additional details
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Utilities Electricity Connected
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Cooling Central Air
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Heating Forced Air,Natural Gas
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County Bartholomew
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Property Type Commercial Sale
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Elementary School Hope Elementary School
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High School Hauser Jr-Sr High School
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