Log In/Sign Up
Your email has been sent.
Countryside Villas 2171 S 300 E 32 Unit Apartment Building $3,282,480 CAD ($102,577 CAD/Unit) 8.33% Cap Rate Kokomo, IN 46902
Investment Highlights
- Strong rental history
- 9 acre parcel - room for savvy investor to add units on this property
- Fantastic opportunity right off the Kokomo Bypass
Executive Summary
Fantastic opportunity right of the Kokomo Bypass (931). Note: 9 acre parcel and ready for the savvy investor to add units on this property.
Great little semi-rural apartment complex of 32 units with strong rental history which can give your portfolio great diversity and income!
Rents have been stable, but it is time to get with the times and begin to cash flow this beauty! Property is ready to be taken over, and with some minor improvements this could be a gem and a fantastic flip in a few years considering all the BIG NEWS and growth of Kokomo.
US 31 and the bypass is making Kokomo one of the most easily accessible markets from Indy! Easy drive to this property no more than 40 minutes. This is definitely worth and look and an easy property to manage, improve and cashflow! Every investors DREAM!
Great little semi-rural apartment complex of 32 units with strong rental history which can give your portfolio great diversity and income!
Rents have been stable, but it is time to get with the times and begin to cash flow this beauty! Property is ready to be taken over, and with some minor improvements this could be a gem and a fantastic flip in a few years considering all the BIG NEWS and growth of Kokomo.
US 31 and the bypass is making Kokomo one of the most easily accessible markets from Indy! Easy drive to this property no more than 40 minutes. This is definitely worth and look and an easy property to manage, improve and cashflow! Every investors DREAM!
Data Room Click Here to Access
- Offering Memorandum
Property Facts
| Price | $3,282,480 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $102,577 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 9.00 AC |
| Cap Rate | 8.33% | Building Size | 23,501 SF |
| No. Units | 32 | Average Occupancy | 84% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1976 |
| Zoning | C - Commercial | ||
| Price | $3,282,480 CAD |
| Price Per Unit | $102,577 CAD |
| Sale Type | Investment |
| Cap Rate | 8.33% |
| No. Units | 32 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 9.00 AC |
| Building Size | 23,501 SF |
| Average Occupancy | 84% |
| No. Stories | 2 |
| Year Built | 1976 |
| Zoning | C - Commercial |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Disposal
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
Site Amenities
- Courtyard
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 32 | - | 750 |
Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 34-10-16-200-004.000-024 | Improvements Assessment | $1,472,466 CAD |
| Land Assessment | $190,657 CAD | Total Assessment | $1,663,123 CAD |
Property Taxes
Parcel Number
34-10-16-200-004.000-024
Land Assessment
$190,657 CAD
Improvements Assessment
$1,472,466 CAD
Total Assessment
$1,663,123 CAD
1 of 15
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Countryside Villas | 2171 S 300 E
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.