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Richmond Flats 3001 W Cart Rd 66 Unit Apartment Building For Sale Richmond, IN 47374
Investment Highlights
- Walkable to IU East & Ivy Tech; Close Drive to Purdue Polytechnic & Earlham College
- 95% Occupied
- Offers furnished units, roommate matching, and configured bedroom layouts tailored to the student lifestyle
- 8.2% In-place Cap Rate
- Only Dedicated Student Housing Property in the Market
- Upside via potential conversion of 4-bed/2-bath units into 2-bed/2-bath units
Property Facts
| Sale Type | Investment | Lot Size | 4.05 AC |
| No. Units | 66 | Building Size | 65,000 SF |
| Property Type | Multifamily | Average Occupancy | 95% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 2015 |
| Building Class | B | ||
| Zoning | ZO01 - Commercial | ||
| Sale Type | Investment |
| No. Units | 66 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 4.05 AC |
| Building Size | 65,000 SF |
| Average Occupancy | 95% |
| No. Stories | 3 |
| Year Built | 2015 |
| Zoning | ZO01 - Commercial |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Disposal
- Microwave
- Granite Countertops
- Oven
- Carpet
Site Amenities
- Laundry Facilities
- Furnished Units Available
- Grill
- Volleyball Court
- Individual Locking Bedrooms
- Roommate Matching
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 24 | - | - |
| 4+2 | 18 | - | - |
| 4+4 | 24 | - | - |
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 89-16-21-000-107.010-030 | Improvements Assessment | $8,069,712 CAD |
| Land Assessment | $327,180 CAD | Total Assessment | $8,396,892 CAD |
Property Taxes
Parcel Number
89-16-21-000-107.010-030
Land Assessment
$327,180 CAD
Improvements Assessment
$8,069,712 CAD
Total Assessment
$8,396,892 CAD
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Richmond Flats | 3001 W Cart Rd
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