Countryside Villas
32 Unit Apartment Building | $2,400,000 ($75,000/Unit) | 8.33% Cap Rate | Kokomo, IN 46902
For Sale
Active
- Date Added:
- September 16, 2024
- Days on Market:
- 2 days
Asking Price $2,400,000
- Property Type
-
Multifamily
- Square Feet
- 23,501 SF
Listing Contacts
Glenn Bill
Verified Profile
- Property Info
Property Overview
Fantastic opportunity right of the Kokomo Bypass (931). Note: 9 acre parcel and ready for the savvy investor to add units on this property.
Great little semi-rural apartment complex of 32 units with strong rental history which can give your portfolio great diversity and income!
Rents have been stable, but it is time to get with the times and begin to cash flow this beauty! Property is ready to be taken over, and with some minor improvements this could be a gem and a fantastic flip in a few years considering all the BIG NEWS and growth of Kokomo.
US 31 and the bypass is making Kokomo one of the most easily accessible markets from Indy! Easy drive to this property no more than 40 minutes. This is definitely worth and look and an easy property to manage, improve and cashflow! Every investors DREAM!
Great little semi-rural apartment complex of 32 units with strong rental history which can give your portfolio great diversity and income!
Rents have been stable, but it is time to get with the times and begin to cash flow this beauty! Property is ready to be taken over, and with some minor improvements this could be a gem and a fantastic flip in a few years considering all the BIG NEWS and growth of Kokomo.
US 31 and the bypass is making Kokomo one of the most easily accessible markets from Indy! Easy drive to this property no more than 40 minutes. This is definitely worth and look and an easy property to manage, improve and cashflow! Every investors DREAM!
Property Details
- Class
- C
- Year Built
- 1976
- Stories
- 2
- Lot Size (sq. ft)
- 392,040 SF
- Units
- 32
Highlights
- Strong rental history
- Fantastic opportunity right off the Kokomo Bypass
- 9 acre parcel - room for savvy investor to add units on this property
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