Southern Indiana Multifamily for Sale

Located in a desirable and growing submarket, Flats at Greentree, this asset presents investors with the opportunity to purchase a stabilized multifamily property that has recently undergone drastic overhaul both operationally and with regard to the physical property itself.

The Flats at Greentree features thirty-one 1-br units and one 2-br unit. The facility has on-site coin laundry, with all-new machines as of August 2023.

Current ownership has turned all of the units and tenants within the past eighteen months. Three out of four hot water heaters replaced in 2024, with the remaining one having been replaced in 2022. Over the past couple of years, the exterior of the property itself has received many CapEx updates, including but not limited to:

• New windows and exterior doors on all buildings

• New parking lot paving and striping

• New paint on entirety of exterior

• New roofs in 2020

Reach out to agents today for more information.