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River Gate South 119 E Lake Ave 40 Unit Apartment Building $7,423,772 CAD ($185,594 CAD/Unit) 7.08% Cap Rate Plymouth, IN 46563
Investment Highlights
- 2019 Construction
- Best in Market Amenities: Private Balconies, and In-Unit Laundry
- Spacious One, Two, and Three-Bedroom Units
- 7%+ Cap Rate Day 1 with Significant Upside Through Operational Efficiencies and Maximizing Rents Supported by Comps
Property Facts
| Price | $7,423,772 CAD | Property Subtype | Apartment |
| Price Per Unit | $185,594 CAD | Apartment Style | Mid-Rise |
| Sale Type | Investment | Building Class | B |
| Cap Rate | 7.08% | Lot Size | 1.04 AC |
| Gross Rent Multiplier | 7.13 | Building Size | 50,510 SF |
| No. Units | 40 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 2019 |
| Price | $7,423,772 CAD |
| Price Per Unit | $185,594 CAD |
| Sale Type | Investment |
| Cap Rate | 7.08% |
| Gross Rent Multiplier | 7.13 |
| No. Units | 40 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 1.04 AC |
| Building Size | 50,510 SF |
| No. Stories | 4 |
| Year Built | 2019 |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer
- Ceiling Fans
- Refrigerator
- Views
- Patio
- Wheelchair Accessible (Rooms)
- Window Coverings
Site Amenities
- Business Center
- Controlled Access
- Clubhouse
- Courtyard
- Fitness Center
- Picnic Area
- Property Manager on Site
- Gated
- Furnished Units Available
- Grill
- Media Center/Movie Theatre
- Package Service
- Recycling
- Bicycle Storage
- Elevator
- Maintenance on site
- Sundeck
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | - | 775 |
| 2+2 | 28 | - | 775 - 1,373 |
| 3+2 | 6 | - | 1,054 - 1,373 |
1 1
Fairly walkable
40/100
Very drivable
80/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 50-32-93-104-259.001-019 | Improvements Assessment | $7,386,312 CAD |
| Land Assessment | $100,255 CAD | Total Assessment | $7,486,567 CAD |
Property Taxes
Parcel Number
50-32-93-104-259.001-019
Land Assessment
$100,255 CAD
Improvements Assessment
$7,386,312 CAD
Total Assessment
$7,486,567 CAD
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River Gate South | 119 E Lake Ave
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