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Campus East Apartments 1321 N 3rd St 32 Unit Apartment Building $3,968,621 CAD ($124,019 CAD/Unit) Vincennes, IN 47591
INVESTMENT HIGHLIGHTS
- 16 Newly Renovated Units
- 7 Units Undergoing Renovation Currently at 80% Completion
EXECUTIVE SUMMARY
Discover an investment opportunity with this 32-unit apartment complex located at 1321 N. 3rd St., Vincennes, IN 47591. This property boasts 16 fully renovated one-bedroom, one-bath units, showcasing modern flooring, stylish trims, contemporary fixtures, sleek cabinetry, and high-end appliances. The renovations not only enhance aesthetic appeal but also ensure higher rental demand and increased revenue potential.
The exterior of the building has significant upgrades, including improvements to the parking lot and mailbox area. With half of the units already rehabilitated, investors have the unique opportunity to complete renovations on the remaining 16 units, further increasing property value and maximizing rental income.
Located in a desirable area, this apartment complex offers convenience to local amenities, schools, and public transportation, making it an attractive residence for tenants seeking comfort and accessibility.
Positioned for growth, this property is ideal for investors seeking to capitalize on the increased rental opportunities by enhancing the remaining units and updating the common areas. Don’t miss out on this chance to acquire a well-maintained asset with room for significant returns.
The exterior of the building has significant upgrades, including improvements to the parking lot and mailbox area. With half of the units already rehabilitated, investors have the unique opportunity to complete renovations on the remaining 16 units, further increasing property value and maximizing rental income.
Located in a desirable area, this apartment complex offers convenience to local amenities, schools, and public transportation, making it an attractive residence for tenants seeking comfort and accessibility.
Positioned for growth, this property is ideal for investors seeking to capitalize on the increased rental opportunities by enhancing the remaining units and updating the common areas. Don’t miss out on this chance to acquire a well-maintained asset with room for significant returns.
PROPERTY FACTS
| Price | $3,968,621 CAD | Lot Size | 0.77 AC |
| Price Per Unit | $124,019 CAD | Building Size | 15,360 SF |
| Sale Type | Investment | Average Occupancy | 35% |
| No. Units | 32 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1973/2024 |
| Property Subtype | Apartment | Parking Ratio | 2.21/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Building Class | C | ||
| Zoning | R-2 - Mixed Residential District | ||
| Price | $3,968,621 CAD |
| Price Per Unit | $124,019 CAD |
| Sale Type | Investment |
| No. Units | 32 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.77 AC |
| Building Size | 15,360 SF |
| Average Occupancy | 35% |
| No. Stories | 2 |
| Year Built/Renovated | 1973/2024 |
| Parking Ratio | 2.21/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R-2 - Mixed Residential District |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 32 | $1,088 CAD | - |
1 1
Walk Score®
Very Walkable (73)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $1,012,409 CAD | |
| Land Assessment | $221,148 CAD | Total Assessment | $1,233,557 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$221,148 CAD
Improvements Assessment
$1,012,409 CAD
Total Assessment
$1,233,557 CAD
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Campus East Apartments | 1321 N 3rd St
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