2171 S 300 E - Apartments FOR SALE


Kokomo, IN 46902
$2,400,000 USD
317-590-7757
2171 S 300 E, Kokomo, IN for Sale
$2,400,000 USD
Apartments - FOR SALE
1/14
null | 8.33% Cap Rate

2171 S 300 E
Kokomo, IN 46902


HIGHLIGHTS

  • Strong rental history
  • Fantastic opportunity right off the Kokomo Bypass
  • 9 acre parcel - room for savvy investor to add units on this 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!

FOR SALE DETAILS

PRICE

$2,400,000 USD

PRICE/SF

$102 USD /SF

# OF UNITS

32

PRICE/UNIT

$75,000

CAP RATE

8.33%

% LEASED

84%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Countryside Villas

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1976

PARKING SPACES

-

LAND DETAILS

LAND ACRES

9 AC

LAND SF

392,040 SF

ZONING

C

APN/PARCEL ID

34-10-16-200-004.000-024

ASK ABOUT THIS PROPERTY

Glenn BilleXp Realty, LLCMore Info
317-590-7757

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

Glenn BilleXp Realty, LLCMore Info
317-590-7757

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