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501 N Broadway Street, Butler, IN 46721

$260,000
  • 501 N Broadway Street, Butler, IN 46721 Main Photo

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New to the Market Active
BEDS8 BATHS6 full SQUARE FEET3,712 MLS#202618820
STATUSActive PROPERTY TYPEMulti Unit - Multiple SCHOOLDekalb Co. Eastern

Property Description

This versatile multi-family investment opportunity in the heart of Butler offers strong cash flow potential with a cap rate of 10% or greater! This well-maintained six-unit apartment building features two spacious 2-bedroom units and four 1-bedroom units, making it an attractive option for a variety of tenants. Conveniently located near downtown Butler and within easy commuting distance to many local factories and major employers, the property benefits from consistent rental demand. Designed for low-maintenance ownership, the exterior features durable vinyl siding and a metal roof. Tenants enjoy off-street parking for up to six residents, a shared laundry facility, and private full bathrooms in every unit. Each apartment also includes a kitchen equipped with a refrigerator, stove, and cabinet storage. A detached garage provides valuable additional storage space for maintenance materials, tools, or other operational needs. Tenants pay all utilities, helping maximize owner profitability, and the current owners utilize professional property management for streamlined operations. Whether you are looking to expand your portfolio or step into multifamily investing, this income-producing property presents an excellent opportunity with solid returns and long-term potential.

501 N Broadway Street | MLS# 202618820

This multi-family property located at 501 N Broadway Street, Butler, IN 46721 is currently listed for sale with an asking price of $260,000. N Broadway Street is located within the Dekalb Co. Eastern school district. Search Butler real estate on www.ikeyrealty.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: Partial Basement
Basement: Yes
Cooling: Window
Heating: Forced Air
Home Style: Sixplex
Lot Size: 0.18 Acres
Roof Type: Asphalt, Shingle
Stories: 2.0
Year Built: 1900

Feature Descriptions

Above Grade Finished SQFT: 3712
Amenities: Basement, Off Street Parking, Countertops-Laminate
Common Amenities: Laundry Facilities
Days on Site: 1
Exterior: Vinyl
Location: City/Town/Suburb
Lot: Level, 0-2.9999
Lot Dimensions: 60x127
Owner Pays: Building Insurance, Lawn Maintenance, Maintenance, Snow Removal
Sale Inclusions: Building, Land, Lease
Sewer: City
Tenant Pays: Cable, Cooling, Electric, Heating, Sewer, Trash Collection, Water
Total Finished SQFT: 3712
Units: 6
Water: City

Local Schools

High School: Eastside
Middle School: Eastside
Elementary School: Butler
School District: Dekalb Co. Eastern

Listed By / Shown By

Listed By

Agency Name: RE/MAX Results
Agency Contact: Cell: 260-668-9235
Agent Name: Christina Koher

Shown By

Agency Title: Key Realty
Agency Phone: 877-539-7589

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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. Data is deemed reliable but is not guaranteed accurate by the MLS

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Estimated Payment

$ 1,530.20 per month $1,454.37 Principal & Interest $0.00 Property Tax (data not provided by mls) $75.83 Homeowner's Insurance

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