317-429-7055
1301 S Rochester Ave, Muncie, IN for Sale
Apartments - FOR SALE
1/3
null | Request Cap Rate

1301 S Rochester Ave
Muncie, IN 47302
South Muncie


HIGHLIGHTS

  • Recent Capital Improvements: Roof replacement, parking lot restriping, new signage all completed in the last 5 years
  • Tenant Paid Utilities: All tenants are responsible for their own electric, water, and sewer
  • $122/Unit Rent Upside: Rochester Manor is positioned near the bottom of comp set, offering rents $112 per unit below nearby Kensington Apartments

OVERVIEW

Colliers is pleased to present the opportunity to acquire a well-maintained, 100% occupied multifamily community in Muncie, Indiana. Built in 1995, this stable asset offers a diverse unit mix of one-, two-, and three-bedroom apartments, with an average unit size of 757 square feet. Strategically positioned in a strong rental market, the property has demonstrated consistent occupancy and demand, providing investors with a turnkey opportunity to acquire a stabilized asset with predictable cash flow. The community has undergone significant capital improvements in the past five years, including roof replacements, parking lot restriping, new signage, siding repairs, window repairs, and fence enhancements - ensuring minimal deferred maintenance for new ownership. With in-place rents below current market levels, investors have an immediate opportunity to enhance returns through targeted rent adjustments and operational efficiencies. Muncie’s growing economy, anchored by Ball State University and a strong employment base, further reinforces the long-term investment potential of this asset.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

10

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Rochester Manor

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1995

PARKING SPACES

21

LAND DETAILS

LAND ACRES

0.83 AC

LAND SF

36,054 SF

ZONING

-

APN/PARCEL ID

18-11-17-428-011.000-003

ASK ABOUT THIS PROPERTY

Bryce WetzelColliersMore Info
317-429-7055

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Bryce WetzelColliersMore Info
317-429-7055

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.