Broad St

0 Bedroom Real Estate at 2008 Broad St has been sold for $XXX,XXX. Click here to view details, map, and photos.

2008 Broad St, Sold in New Castle - eXp Commercial Brokerage

8- 1 bdrm apts 4- 2 bdrm apts metal roof less than 2 yrs old. Complete interior remodel in 2022. Updated electrical, plumbing, kitchens, bathrooms, flooring, on demand hot water heaters, all led lighting, upgraded wifi for building, new energy efficient hvac system

An opportunity for investors to develop an additional 12 units on the existing 12-unit-apartment site in New Castle, Indiana. The two parcels were consolidated in 2014, and a variance has since been approved to build an additional 12 units on the current rear gravel parking lot. The existing two-story building, constructed in 1966, was renovated in 2021. The updates included interior renovations for all 12 units, the installation of water softeners and tankless water heaters, and a new roof and gutters added in 2022. The existing units comprise eight one-bedroom, one-bath units and four two-bedroom, one bath units. The total weighted average rent is $647 per month. The primary opportunity on the existing building lies in the two-bedroom units, where the current weighted average rent is $656, compared to a potential market rate of $750. The advertised price does not include the development site at the rear with its approved variance (Asking $125, 000). The seller is not willing to sell the building with the existing 12 units separately: the development site must go with the package.

2008 Broad St, New Castle, IN

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