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Alpha Acres 220 Harrison St 36 Unité Immeuble d’appartements 5 166 100 $ CAD (143 503 $ CAD/Unité) 7,33% Taux de capitalisation Scottsburg, IN 47170
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Faits saillants de l'investissement
- Desirable Low-Density Layout: Neighborhood-Like Community Featuring All-Brick, Single-Story Construction Built in 1999
- Strong Historical and In-Place Performance: Offered at an In-Place 7.33 Percent Cap Rate with Projected 8.00 Percent Year-One Cap Rate
- ?Clear Mark-to-Market Opportunity ($120/Unit Upside): Supported by comparable properties in the Scottsburg/ Seymour submarket
- 100% Two-Bedroom Unit Mix: Equipped with Washer/Dryer Connections and Private Driveways
- Strong Workforce Housing Demand Drivers: Proximity to major employers in Columbus, Seymour, and River Ridge Commerce Center - Over 20,000+ employees a
Résumé de l'annonce
Deal Room & OM:
https://www.?marcusmillichap.?com/properties/204179/alpha-acres
Sales Notes:
Marcus & Millichap is pleased to present the exclusive offering of Alpha Acres, a 36-unit, single-story duplex community situated in Scottsburg, Indiana along the I-65 corridor between Louisville and Indianapolis.? Constructed in 1999 with all-brick exteriors and a low-density site plan, the property offers investors a durable, low-maintenance asset in a supply-constrained submarket with individually parceled units — a structural advantage that enhances both financing flexibility and future disposition optionality.?
The portfolio consists entirely of two-bedroom, one-bath units averaging 867 square feet, each featuring private driveways, patios, and in-unit washer/dryer connections.? These renter-preferred amenities continue to drive strong demand among the region’s workforce housing base.? The property currently achieves average rents of $1,036, with a well-supported path to $1,156 — representing approximately $120 per unit in mark-to-market upside validated by comparable properties in the immediate trade area.?
Alpha Acres generates consistent occupancy and stable in-place cash flow, with a value-add driven by organic rent growth rather than capital-intensive renovations.? Minimal new supply within the submarket, combined with sustained renter demand rooted in regional affordability constraints, reinforces both near-term yield and long-term asset resilience.?
The Scottsburg submarket is strategically embedded within Southern Indiana’s expanding industrial corridor, benefiting from proximity to major employment centers in Columbus, Seymour, and the broader Louisville MSA.? The continued growth of logistics and manufacturing operations, most notably at the River Ridge Commerce Center, has created a durable foundation of workforce housing demand, underpinning long-term rent growth and occupancy stability for well-located assets like Alpha Acres.?
https://www.?marcusmillichap.?com/properties/204179/alpha-acres
Sales Notes:
Marcus & Millichap is pleased to present the exclusive offering of Alpha Acres, a 36-unit, single-story duplex community situated in Scottsburg, Indiana along the I-65 corridor between Louisville and Indianapolis.? Constructed in 1999 with all-brick exteriors and a low-density site plan, the property offers investors a durable, low-maintenance asset in a supply-constrained submarket with individually parceled units — a structural advantage that enhances both financing flexibility and future disposition optionality.?
The portfolio consists entirely of two-bedroom, one-bath units averaging 867 square feet, each featuring private driveways, patios, and in-unit washer/dryer connections.? These renter-preferred amenities continue to drive strong demand among the region’s workforce housing base.? The property currently achieves average rents of $1,036, with a well-supported path to $1,156 — representing approximately $120 per unit in mark-to-market upside validated by comparable properties in the immediate trade area.?
Alpha Acres generates consistent occupancy and stable in-place cash flow, with a value-add driven by organic rent growth rather than capital-intensive renovations.? Minimal new supply within the submarket, combined with sustained renter demand rooted in regional affordability constraints, reinforces both near-term yield and long-term asset resilience.?
The Scottsburg submarket is strategically embedded within Southern Indiana’s expanding industrial corridor, benefiting from proximity to major employment centers in Columbus, Seymour, and the broader Louisville MSA.? The continued growth of logistics and manufacturing operations, most notably at the River Ridge Commerce Center, has created a durable foundation of workforce housing demand, underpinning long-term rent growth and occupancy stability for well-located assets like Alpha Acres.?
Faits sur la propriété
| Prix | 5 166 100 $ CAD | Style d’appartement | Jardin |
| Prix par unité | 143 503 $ CAD | Classe d’immeuble | B |
| Type de vente | Investissement | Taille du lot | 4,96 AC |
| Taux de capitalisation | 7,33% | Taille du bâtiment | 38 412 pi² |
| Nombre d’unités | 36 | Occupation moyenne | 94% |
| Type de propriété | Immeuble residentiel | Nombre d’étages | 1 |
| Sous-type de propriété | Appartement | Année de construction | 1999 |
| Zonage | MF | ||
| Prix | 5 166 100 $ CAD |
| Prix par unité | 143 503 $ CAD |
| Type de vente | Investissement |
| Taux de capitalisation | 7,33% |
| Nombre d’unités | 36 |
| Type de propriété | Immeuble residentiel |
| Sous-type de propriété | Appartement |
| Style d’appartement | Jardin |
| Classe d’immeuble | B |
| Taille du lot | 4,96 AC |
| Taille du bâtiment | 38 412 pi² |
| Occupation moyenne | 94% |
| Nombre d’étages | 1 |
| Année de construction | 1999 |
| Zonage | MF |
Commodités
Commodités des unités
- Micro-ondes
- Cuisine
- Réfrigérateur
- Four
- Fourchette
- Bain/Douche
- Vues
Commodités du site
- Accès 24 heures
Unité renseignements sur le mélange
| Description | Nombre d’unités | Loyer moyen/mois | pi² |
|---|---|---|---|
| 2+1 | 36 | 1 408 $ CAD | 800 - 880 |
1 1
Assez praticable à pied
40/100
Exceptionnellement facile d’accès en voiture
90/100
Moyennement praticable en vélo
70/100
Impôts fonciers
| Numéros de lot | Évaluation des bâtiments | 2 002 408 $ CAD | |
| Évaluation du terrain | 241 039 $ CAD | Évaluation totale | 2 243 447 $ CAD |
Impôts fonciers
Numéros de lot
Évaluation du terrain
241 039 $ CAD
Évaluation des bâtiments
2 002 408 $ CAD
Évaluation totale
2 243 447 $ CAD
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Alpha Acres | 220 Harrison St
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