416 E 17th Street
Property Description
Rare investment opportunity in an exceptional location directly across from IU's Memorial Stadium and Assembly Hall. The property features 8 one-bedroom, one-bathroom apartments and 8 on-site parking spaces. Fully leased for the 2026-2027 academic year, providing immediate income. Significant upside remains through future rent growth, additional revenue opportunities, and land value. This is a highly irreplaceable site with limited comparable opportunities. The property is available for purchase individually or together with the adjacent property at 418 E. 17th Street, offering investors the flexibility to acquire one property or assemble both for a larger, strategic investment. Rent rolls and lease information are available upon request.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $990,000 |
| No. of Units: | 8 |
| Year Built: | 1965 |
| Lot Size: | 3,456.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $123,750 |
| Number of Bedrooms: | 8 |
| Number of Bathrooms: | 8 |
ID: 3yd-BMLSIN-202637182
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