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236 Wisconsin St 7 Unit Apartment Building $2,189,280 CAD ($312,754 CAD/Unit) 6.06% Cap Rate Indianapolis, IN 46225
Investment Highlights
- 100% Occupancy
- Townhome Construction
- Ample Greenspace
- Less Than 1 Mile to Downtown Indy
- Off Street Parking
Executive Summary
Gardner Property Group exclusively presents Old Southside Townhomes portfolio. The portfolio is comprised of two sites of identical construction with 11 two bed units and 5 three bed units. Current ownership has spent over $400,000 in capital improvements since acquisition including full interior renovations, HVAC replacements, and a new roof on Talbott St. The property’s close proximity to Downtown Indianapolis and easy access to I-70 has helped establish and maintain a low historical vacancy. The newer vintage provides a low operating expense ratio. Few quality multifamily housing is available in this part of Indianapolis making Old Southside Townhomes a coveted living experience! Available for sale with 1354 S Talbott St.
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Property Facts
| Price | $2,189,280 CAD | Property Subtype | Apartment |
| Price Per Unit | $312,754 CAD | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | B |
| Cap Rate | 6.06% | Lot Size | 0.34 AC |
| Sale Condition | 1031 Exchange | Building Size | 7,341 SF |
| No. Units | 7 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1997 |
| Zoning | D8 | ||
| Price | $2,189,280 CAD |
| Price Per Unit | $312,754 CAD |
| Sale Type | Investment |
| Cap Rate | 6.06% |
| Sale Condition | 1031 Exchange |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.34 AC |
| Building Size | 7,341 SF |
| No. Stories | 2 |
| Year Built | 1997 |
| Zoning | D8 |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer
- Heating
- Kitchen
- Granite Countertops
- Refrigerator
- Carpet
- Dining Room
- Vinyl Flooring
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | $1,846 CAD | 960 |
| 3+1.5 | 3 | $2,106 CAD | 1,167 |
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Property Taxes
| Parcel Number | 49-11-14-109-001.000-101 | Improvements Assessment | $454,132 CAD |
| Land Assessment | $46,099 CAD | Total Assessment | $500,231 CAD |
Property Taxes
Parcel Number
49-11-14-109-001.000-101
Land Assessment
$46,099 CAD
Improvements Assessment
$454,132 CAD
Total Assessment
$500,231 CAD
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Gardner Property Group
236 Wisconsin St
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