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2302 N Ritter Ave
Indianapolis, IN 46218 Eastside

$3,425,000 USD

Apartments For Sale  •  38,967 SF

Property Details

  • Property Type Apartments
  • Total Building Size 38,967 SF
  • Lot Size 2.01 AC
  • Building Class C
  • Year Built 1969
28 Transit Score
38 Walk Score

Highlights

The East Ridge Apartments offer 42 units; eight one-bed/ one-bath, 33 two-bed/ one-bath, and one three-bed/ one-bath.
There has been significant year-over-year rent growth of 6.8% in the Eastside Submarket of Indianapolis’ housing realm.
Extensive capital expenditures such as new gas lines, exterior painting, all new A/C units, and more have recently been completed.
100% of units have been renovated, enabling a stabilized investment opportunity for new ownership to generate cash flow.

Amenities

  • Air Conditioning
  • Balcony
  • Laundry Facilities
  • Heating
  • Refrigerator
  • Range
  • Carpet
  • Family Room
  • Patio

Public Transportation

AirportDriveWalkDistance
Indianapolis International 29 min - 21.1 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 77
Type: Surface
Included in Rent: Yes
Jack Friskney 317-218-5347 Marcus & Millichap
Jack Friskney 317-218-5347 Marcus & Millichap