East Ridge Apartments | 2302 N Ritter Ave
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
East Ridge Apartments 2302 N Ritter Ave
42 Unit Block of Flats £2,836,136 (£67,527/Unit) 6.86% Net Initial Yield Indianapolis, IN 46218
Investment Highlights
- Attractive unit mix - 78% 2-bedrooms
- Extensive capital expenditures completed - new gas lines, exterior painting, all new AC units, and more
- Year-over-year rent growth of 6.8% in submarket
- 100% of units renovated
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | £2,836,136 | Apartment Style | Low Rise |
| Price Per Unit | £67,527 | Building Class | C |
| Sale Type | Investment | Lot Size | 2.01 AC |
| Net Initial Yield | 6.86% | Building Size | 38,967 SF |
| Gross Rent Multiplier | 8.95 | Average Occupancy | 90% |
| No. Units | 42 | Number of Floors | 3 |
| Property Type | Residential | Year Built/Renovated | 1969/2022 |
| Property Subtype | Apartment | Parking Ratio | 1.98/1,000 SF |
| Price | £2,836,136 |
| Price Per Unit | £67,527 |
| Sale Type | Investment |
| Net Initial Yield | 6.86% |
| Gross Rent Multiplier | 8.95 |
| No. Units | 42 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 2.01 AC |
| Building Size | 38,967 SF |
| Average Occupancy | 90% |
| Number of Floors | 3 |
| Year Built/Renovated | 1969/2022 |
| Parking Ratio | 1.98/1,000 SF |
Unit Amenities
- Air Conditioning
- Balcony
- Heating
- Refrigerator
- Range
- Carpet
- Family Room
- Patio
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 1+1 | 8 | £543.13 | 650 |
| 2+1 | 33 | £633.98 | 875 |
| 3+1 | 1 | £790.01 | 1,000 |
1 of 1
PROPERTY TAXES
| Parcel Number | 49-07-27-103-002.000-701 | Total Assessment | £448,568 |
| Land Assessment | £95,749 | Annual Taxes | -£1 (£0.00/sf) |
| Improvements Assessment | £352,818 | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
49-07-27-103-002.000-701
Land Assessment
£95,749
Improvements Assessment
£352,818
Total Assessment
£448,568
Annual Taxes
-£1 (£0.00/sf)
Tax Year
2023
-
Jack Friskney -
Aaron Kuroiwa -
Marcus & Millichap
1 of 21
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
East Ridge Apartments | 2302 N Ritter Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.