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28368813
28368814

350 N Main St, Frankfort, IN 46041

CK
RB18000330
Titan Lafayette Real Estate
Listed by Titan Lafayette Real Estate
$2,300,000
194 days on market
Updated 114 days ago

Frequency 23

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 10,560
Net Rentable (SqFt) 8,553
Units 10
Cap Rate 6.29%
NOI $144,603
Occupancy 100%
Price per SqFt $218
Year Renovated 2023

Multifamily | 10 Units | $230,000/unit

Marketing description

Introducing a standout investment opportunity: a fully rehabbed 10-unit apartment building in Frankfort, Indiana, completed in 2023 with modern finishes, thoughtful upgrades, and features that set it apart in the local rental market.

Each unit showcases tall ceilings that enhance natural light and create an open, contemporary feel. The interiors are outfitted with stainless steel appliances, updated kitchens, refreshed flooring, and modern fixtures—delivering the style and comfort today’s renters expect.

Two premium ground-floor units include attached garages, a rare and highly desirable amenity that adds both convenience and rental appeal.

This property offers investors the perfect blend of modern design, reliable cash flow, and ease of ownership. A rare chance to acquire a fully upgraded multi-unit building in an accessible, high-demand location.

Investment highlights

  1. Complete 2023 renovation—all major systems, interiors, and finishes updated

  2. 10 modern units with spacious layouts and tall ceilings

  3. Stainless steel appliances in every apartment

  4. Attached garages for both lower-level units

  5. Strong rental demand in a growing central Indiana community

  6. Low-maintenance, turnkey investment with excellent long-term upside

Listing Contacts

CK
RB18000330
Titan Lafayette Real Estate
Listed by Titan Lafayette Real Estate

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$144,603.00
$12,050.25/mo

Valuation Metrics

0
DSCR
6.29%
Cap Rate
6.29%
ROI

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