228 S MADISON ST

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228 S MADISON ST

KNIGHTSTOWN, IN 46148
Asking Price
$120K
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Multifamily apartment building located in Knightstown, Indiana.
  • Property is available for acquisition at $120,000.
  • Asset is situated at 228 S Madison St.
  • Suitable investment option for regional residential real estate portfolios.
  • Located within the growth corridor of the Indianapolis metro area.

What's Special

Priced at $120,000, this apartment building at 228 S Madison St provides a residential investment option in Knightstown, Indiana. The property serves as a multifamily asset within a small town landscape characterized by its accessibility to the broader Indianapolis metropolitan area. Given the asset type, this location supports various leasing strategies for local tenants seeking housing in a regional market. Knightstown maintains a community-focused environment where residents benefit from proximity to major regional transit corridors and the economic reach of the capital city. Investors looking to expand their portfolio within the state will find this property functional for rental operations or long-term hold strategies. The site offers potential for steady housing provision in a market that remains an essential component of the Indiana suburban ecosystem.

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NOI
$80,000
Cap Rate
66.67%
DSCR
11.23
Strong
Cash-on-Cash
202.43%
Monthly Payment
$593.695
Annual Cash Flow
$72,875.666

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