19022 4th St - Apartments FOR SALE


New Paris, IN 46553
$985,000 USD
260-302-5434
19022 4th St, New Paris, IN for Sale
$985,000 USD
Apartments - FOR SALE
1/17
null | 8% Cap Rate

19022 4th St
New Paris, IN 46553


HIGHLIGHTS

  • Hospital & College Nearby
  • Quiet community setting next to the growing City of Goshen
  • Purpose-built and well maintained
  • Professional management already in place

OVERVIEW

Very well maintained, purpose-built 11 unit apartment building. Well water with city sewer. All Electric is sub-metered per unit, with a central natural gas boiler running radiant heat throughout all units. Boiler, water softener, well pump, and much more were all recently updated since 2020. There is still room to push rents higher. There are multiple units that were renovated in 2024. Selling property to use equity in upcoming development project.

FOR SALE DETAILS

PRICE

$985,000 USD

PRICE/SF

$127 USD /SF

# OF UNITS

11

PRICE/UNIT

$89,545

CAP RATE

8%

% LEASED

91%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1970

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.68 AC

LAND SF

29,621 SF

ZONING

R-4

APN/PARCEL ID

20-15-09-279-011.000-018

ASK ABOUT THIS PROPERTY

Austin ShrockCopper Ridge Rentals LLCMore Info
260-302-5434

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

Austin ShrockCopper Ridge Rentals LLCMore Info
260-302-5434

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