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UI Student Housing Portfolio 1400 E Hanna Ave

25 Unit Apartment Building $4,450,000 ($178,000/Unit) 6.84% Cap Rate Indianapolis, IN 46227

Apartment Buildings Indiana Indianapolis 1400 E Hanna Ave, Indianapolis, IN 46227

Investment Highlights

  • All units are fully leased for the 2023 - 2024 School Year
  • Located just blocks away from University Of Indianapolis Campus
  • 21 total buildings

Executive Summary

Portfolio of student housing for the University of Indianapolis. Includes 25 doors, with 73 total bedrooms. 100% leased for the '24-'25 school year.

Attachments

UofI Rental Portfolio Brochure

Property Facts

Price $4,450,000 Apartment Style Single Family Home
Price Per Unit $178,000 Building Class C
Sale Type Investment Lot Size 0.21 AC
Cap Rate 6.84% Building Size 30,059 SF
Sale Conditions Bulk/Portfolio Sale Average Occupancy 100%
No. Units 25 No. Stories 1
Property Type Multifamily Year Built 1920
Property Subtype
Apartment
  • Multifamily Dormitory
 Parking Ratio 0.1/1,000 SF
Price $4,450,000
Price Per Unit $178,000
Sale Type Investment
Cap Rate 6.84%
Sale Conditions Bulk/Portfolio Sale
No. Units 25
Property Type Multifamily
Property Subtype
Apartment
  • Multifamily Dormitory
Apartment Style Single Family Home
Building Class C
Lot Size 0.21 AC
Building Size 30,059 SF
Average Occupancy 100%
No. Stories 1
Year Built 1920
Parking Ratio 0.1/1,000 SF

Unit Amenities

  • Air Conditioning

Site Amenities

  • 24 Hour Access

Links

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PROPERTY TAXES

Parcel Number 49-10-30-118-157.000-574 Improvements Assessment $0
Land Assessment $10,900 Total Assessment $10,900

PROPERTY TAXES

Parcel Number
49-10-30-118-157.000-574
Land Assessment
$10,900
Improvements Assessment
$0
Total Assessment
$10,900

zoning

Zoning Code SFR (Residential)
SFR (Residential)
(317) 809-4567

  • Listing ID: 31612156

  • Date on Market: 4/25/2024

  • Last Updated:

  • Address: 1400 E Hanna Ave, Indianapolis, IN 46227

More public record information on 1400 E Hanna Ave, Indianapolis, IN 46227

The Multifamily Property at 1400 E Hanna Ave, Indianapolis, IN 46227 is currently available For Sale. Contact Lee & Associates - Indianapolis for more information.

Multifamily PROPERTIES IN NEARBY NEIGHBORHOODS

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1400 E Hanna Ave, Indianapolis, IN for sale Building Photo- Image 2 of 23
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3939 S Walcott Street
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3933 S Walcott Street
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1808 E Hanna Ave.
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3934 S Walcott Street
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3810 S Walcott Street
1400 E Hanna Ave, Indianapolis, IN for sale Building Photo- Image 16 of 23
3740 S. Asbury Street
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3732 S Asbury Street
1400 E Hanna Ave, Indianapolis, IN for sale Building Photo- Image 18 of 23
3819 S State Street
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3817 S State Street
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3702 S Aurora Street
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1141 Standish Ave.

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UI Student Housing Portfolio | 1400 E Hanna Ave
(317) 809-4567 x

UI Student Housing Portfolio | 1400 E Hanna Ave

Bob Lindgren

(317) 809-4567

(317) 809-4567

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