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3527 N COLLEGE AVE
INDIANAPOLIS, IN 46205-3756
Asking Price
$905K
Cap Rate
8%
Asset Type
Apartment Building Multifamily
Class
Class B
What's Special
3 Miles from IU Health Downtown Hospital Campus <ul><li><strong style="color: rgba(0, 0, 0, 1)">Complete Value-Add Transformation with Condo Conversion</strong></li><li><span style="color: rgba(0, 0, 0, 1)">Originally a 10-unit apartment building, the asset has been strategically repositioned into six high-quality condominium units following a full gut renovation completed in 2024. With approximately $700,000 invested, the property offers modern interiors and systems while benefiting from a legally established condo structure—providing opti
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NOI
$80,000
Cap Rate
8.84%
DSCR
1.49
Strong
Cash-on-Cash
9.68%
Monthly Payment
$4,477.446
Annual Cash Flow
$26,270.645
