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Kokomo Manor Apartments 510 Elk Dr 130 Unité Immeuble d’appartements À vendre Kokomo, IN 46902
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Résumé de l'annonce
Kokomo Manor Apartments were built in 1979 and have been well maintained over the years. Currently Kokomo Manor is operating at 95% physical occupancy and has historically maintained a strong level of performance.
Kokomo Manor apartments are located just 2.5 miles south of downtown Kokomo, Indiana. The complex consists of 130 apartments and boasts an attractive mix of one-bedroom & two-bedroom apartments, and three-bedroom townhomes ranging in size from 582 to 1,200 square feet. The average rents are $740, $815 and $1,063, respectively.
Kokomo Manor represents a rare opportunity to acquire a fully seasoned, 130-unit affordable housing asset with a deeply embedded regulatory framework that virtually guarantees long-term occupancy stability and tenant demand. The property operates under a recorded Declaration of Extended Rental Housing Commitment (DERHC) with the Indiana Housing and Community Development Authority (IHCDA), executed in connection with Low Income Housing Tax Credits (LIHTC) allocated under Section 42 of the Internal Revenue Code.
What truly sets Kokomo Manor apart as an investment is its project-based Section 8 Housing Assistance Payments (HAP) contract covering 129 of the property’s 130 units. Administered by IHCDA, this contract effectively transforms the vast majority of the property’s rental income into a government-guaranteed annuity.
Kokomo Manor apartments are located just 2.5 miles south of downtown Kokomo, Indiana. The complex consists of 130 apartments and boasts an attractive mix of one-bedroom & two-bedroom apartments, and three-bedroom townhomes ranging in size from 582 to 1,200 square feet. The average rents are $740, $815 and $1,063, respectively.
Kokomo Manor represents a rare opportunity to acquire a fully seasoned, 130-unit affordable housing asset with a deeply embedded regulatory framework that virtually guarantees long-term occupancy stability and tenant demand. The property operates under a recorded Declaration of Extended Rental Housing Commitment (DERHC) with the Indiana Housing and Community Development Authority (IHCDA), executed in connection with Low Income Housing Tax Credits (LIHTC) allocated under Section 42 of the Internal Revenue Code.
What truly sets Kokomo Manor apart as an investment is its project-based Section 8 Housing Assistance Payments (HAP) contract covering 129 of the property’s 130 units. Administered by IHCDA, this contract effectively transforms the vast majority of the property’s rental income into a government-guaranteed annuity.
Faits sur la propriété
| Type de vente | Investissement | Taille du lot | 6,20 AC |
| Nombre d’unités | 130 | Taille du bâtiment | 97 500 pi² |
| Type de propriété | Immeuble residentiel | Occupation moyenne | 95% |
| Sous-type de propriété | Appartement | Nombre d’étages | 2 |
| Style d’appartement | Jardin | Année de construction/rénovation | 1979/2024 |
| Classe d’immeuble | C | Ratio de stationnement | 0,5/1 000 pi² |
| Zonage | R-3 - Residential Multi-Family | ||
| Type de vente | Investissement |
| Nombre d’unités | 130 |
| Type de propriété | Immeuble residentiel |
| Sous-type de propriété | Appartement |
| Style d’appartement | Jardin |
| Classe d’immeuble | C |
| Taille du lot | 6,20 AC |
| Taille du bâtiment | 97 500 pi² |
| Occupation moyenne | 95% |
| Nombre d’étages | 2 |
| Année de construction/rénovation | 1979/2024 |
| Ratio de stationnement | 0,5/1 000 pi² |
| Zonage | R-3 - Residential Multi-Family |
Commodités
Commodités des unités
- Climatisation
- Lave-vaisselle
- Laveuse/Sécheuse
- Chauffage
- Cuisine
- Réfrigérateur
- Four
- Bain/Douche
- Congélateur
- Accessible aux fauteuils roulants (chambres)
Commodités du site
- Accès 24 heures
- Clubhouse
- Installations de lessive
- Espace de pique-nique
- Terrain de jeu
Unité renseignements sur le mélange
| Description | Nombre d’unités | Loyer moyen/mois | pi² |
|---|---|---|---|
| 1+1 | 48 | - | 586 |
| 2+1 | 61 | - | 828 |
| 3+1.5 | 21 | - | 1 200 |
Assez accessible à pied
50/100
Très bien adapté aux voitures
80/100
Plutôt accessible en vélo
50/100
Impôts fonciers
| Numéro de lot | 34-09-12-378-009.000-002 | Évaluation des bâtiments | 2 172 066 $ CAD |
| Évaluation du terrain | 680 911 $ CAD | Évaluation totale | 2 852 977 $ CAD |
Impôts fonciers
Numéro de lot
34-09-12-378-009.000-002
Évaluation du terrain
680 911 $ CAD
Évaluation des bâtiments
2 172 066 $ CAD
Évaluation totale
2 852 977 $ CAD
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Kokomo Manor Apartments | 510 Elk Dr
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