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The Vues at North Liberty 601 W Center Dr 20 Unit Apartment Building $3,045,417 CAD ($152,271 CAD/Unit) 7.11% Cap Rate North Liberty, IN 46554
INVESTMENT HIGHLIGHTS
- Turnkey, Stabilized Asset: Immediate, secure cash flow with 95% occupancy. Minimal lease-up risk for a new owner.
- Value-Add Potential: Significant opportunity for rent improvement to market rates and potential end-cap expansion (subject to zoning approval).
- Strategic Location: Situated in North Liberty, Indiana, a commutable and affordable residential community providing housing demand for the greater Sou
- Recent Capital Investment: Fully upgraded in 2024, minimizing near-term capital expenditure for a new buyer.
- Expansive Lot: 4.18 Acres zoned R2 Multi-Family Residential offers future development possibilities for carports, garages, or additional density.
EXECUTIVE SUMMARY
Price Improvement! The Vues at North Liberty presents a turnkey, stabilized multifamily investment opportunity perfectly suitable into a high-performing asset. This complex, comprising 10 duplex buildings with recent 2024 upgrades, boasts a powerful 100% occupancy rate, offering immediate, reliable cash flow. Strategically located 15 miles southwest of South Bend in the growing North Liberty Township, the property benefits from strong regional demand. Investors acquire an updated, low-maintenance asset with demonstrable upside through rent improvement and potential expansion opportunities (carports/garage additions, or converting end-cap units) on the expansive 4.18-acre R2 zoned lot.
Location & Market Analysis:
North Liberty provides a key affordability buffer to the larger South Bend metropolitan area, driving strong, consistent demand for rental housing. Located just 15 miles southwest of South Bend, the town offers residents an accessible commute while maintaining a lower cost of living. This positioning ensures The Vues at North Liberty benefits from the economic strength of the county seat, maintaining high occupancy and providing a reliable tenant pool.
SECURE THIS STABILIZED MULTI-FAMILY INVESTMENT TODAY.
Location & Market Analysis:
North Liberty provides a key affordability buffer to the larger South Bend metropolitan area, driving strong, consistent demand for rental housing. Located just 15 miles southwest of South Bend, the town offers residents an accessible commute while maintaining a lower cost of living. This positioning ensures The Vues at North Liberty benefits from the economic strength of the county seat, maintaining high occupancy and providing a reliable tenant pool.
SECURE THIS STABILIZED MULTI-FAMILY INVESTMENT TODAY.
DATA ROOM Click Here to Access
- Offering Memorandum
- Market Information
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Washer/Dryer
- Washer/Dryer Hookup
- Heating
- Refrigerator
- Range
- Carpet
- Vinyl Flooring
SITE AMENITIES
- Picnic Area
- Maintenance on site
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 20 | $1,316 CAD | - |
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The Vues at North Liberty | 601 W Center Dr
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