This versatile multi-family investment opportunity in the heart of Butler offers strong cash flow potential with a cap rate of 10% or greater! This well-maintained six-unit apartment building features two spacious 2-bedroom units and four 1-bedroom units, making it an attractive option for a variety of tenants. Conveniently located near downtown Butler and within easy commuting distance to many local factories and major employers, the property benefits from consistent rental demand. Designed for low-maintenance ownership, the exterior features durable vinyl siding and a metal roof. Tenants enjoy off-street parking for up to six residents, a shared laundry facility, and private full bathrooms in every unit. Each apartment also includes a kitchen equipped with a refrigerator, stove, and cabinet storage. A detached garage provides valuable additional storage space for maintenance materials, tools, or other operational needs. Tenants pay all utilities, helping maximize owner profitability, and the current owners utilize professional property management for streamlined operations. Whether you are looking to expand your portfolio or step into multifamily investing, this income-producing property presents an excellent opportunity with solid returns and long-term potential.
Butler is located in Indiana. Butler, Indiana has a population of 2,882. Butler is less family-centric than the surrounding county with 25.7% of the households containing married families with children. The county average for households married with children is 31.91%.
The median household income in Butler, Indiana is $54,972. The median household income for the surrounding county is $60,757 compared to the national median of $69,021. The median age of people living in Butler is 37.1 years.
The average high temperature in July is 83.7 degrees, with an average low temperature in January of 16.6 degrees. The average rainfall is approximately 37.5 inches per year, with 35.2 inches of snow per year.
