202 E 5th St - Apartments FOR SALE


Fowler, IN 47944
$775,000 USD
219-204-8312
202 E 5th St, Fowler, IN for Sale
$775,000 USD
Apartments - FOR SALE
1/37
null | 8.5% Cap Rate

202 E 5th St
Fowler, IN 47944


HIGHLIGHTS

  • Multi-use, 16 unit commercial property.
  • 8.5% CAP rate.

OVERVIEW

***INVESTMENT OPPORTUNITY*** ***PASSIVE INCOME*** Looking to expand your real estate portfolio? This mulit-use, 16 unit commercial property is one you will want to take a look at! With an 8.5% CAP rate, over $100K in capital improvements this year, this property is an excellent addition to your real estate investments. New roof, new exterior doors, new upper deck, all in the last 90 days! Currently rented with an 81% occupancy rate! Increase your earning potential with 100% occupancy rate! Call an agent today!

FOR SALE DETAILS

PRICE

$775,000 USD

PRICE/SF

$50 USD /SF

# OF UNITS

16

PRICE/UNIT

$48,438

CAP RATE

8.5%

% LEASED

81%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1900

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.39 AC

LAND SF

17,040 SF

ZONING

GB

APN/PARCEL ID

04-08-15-223-016.000-004,04-08-15-223-018.000-004

ASK ABOUT THIS PROPERTY

Trisha PottsRe/max ExecutivesMore Info
219-204-8312

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Trisha PottsRe/max ExecutivesMore Info
219-204-8312

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