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Campus East Apartments 1321 N 3rd St 32 Unit Apartment Building $3,960,327 CAD ($123,760 CAD/Unit) Vincennes, IN 47591

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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.

Operating and Financials

Property Facts

Price	$3,960,327 CAD	Lot Size	0.77 AC
Price Per Unit	$123,760 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 State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Building Class	C
Zoning	R-2 - Mixed Residential District

Price	$3,960,327 CAD
Price Per Unit	$123,760 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 State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	R-2 - Mixed Residential District

Unit Mix Information

Description	No. Units	Avg. Rent/Mo	SF
1+1	32	$1,086 CAD	-

1 1

Walk Score®

Very Walkable (73)

What is a Walk Score®, Transit Score® & Bike Score®?

Walk Score® measures the walkability of any address.

Transit Score® measures access to public transit.

Bike Score® measures bikeability of a location.

What is a Walk Score®

, Transit Score® & Bike Score?

Walk Score® measures the walkability

of any address. Transit Score®

measures access to public transit. Bike Score®

measures bikeability of a location.®

Learn How It Works Detailed Scores

Property Taxes

Parcel Numbers	Multiple 42-12-22-205-070.000-022 42-12-22-205-111.000-022 42-12-22-205-112.000-022 42-12-22-205-113.000-022	Improvements Assessment	$1,019,814 CAD
Land Assessment	$222,766 CAD	Total Assessment	$1,242,580 CAD