$1,600,000

18± Acres

Active

Bartholomew County, IN

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164 Butner, Hope, Indiana

MLS ID: 22040577

Status: Active

Price: $1,600,000

Acres: 18±

Type: Multi-Family, Commercial

Address: 164 Butner

City, State: Hope, IN

County: Bartholomew County

ZIP Code: 47246

Lat/Long: 39.288495, -85.771164

Parcel Number: 030729120003800014

Year Built: 1975

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.

Directions: GPS Friendly

Additional Information

Interior

Building Area Total: 12,204

Heating: Forced Air, Natural Gas

Living Area Source: Assessor

Exterior

Exterior Features: Exterior Handicap Accessible, Storage Shed

Foundation Details: Slab

Lot Features: Curbs

Lot Size Square Feet: 784,080

Property Attached: Yes

Financial/HOA/Schools

Days On Market: 5

Elementary School: Hope Elementary School

High School: Hauser Jr-Sr High School

High School District: Flat Rock-Hawcreek School Corp

Zoning: 401 - 4 to 19 Family Apar

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Matthew Springmeyer

Rockville, Indiana

(812) 614-0159

Interested? Contact Us Today About This Listing

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Listed By: Emma Moore of Weichert, Realtors® - (812) 374-8584

164 Butner, Hope, Indiana

Description

Additional Information

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Matthew Springmeyer

Interested? Contact Us Today About This Listing

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