OVERVIEW
Oak Estates is a 76-unit multifamily property located in Seymour, IN. It consists of a combination of one-bedroom, one-bath units and two-bedroom, two-bath units, all housed in eight well-maintained, two-story buildings. This stable and well-cared-for property benefits from an excellent location.
LOCATION
Seymour, IN, has seen impressive population growth of nearly 25% since 2010, now boasting over 21,500 residents. Centrally located between Indianapolis and Louisville, the city is situated at the intersection of two major routes, ensuring easy accessibility. Seymour features a vibrant industrial, commercial, and residential community, enhanced by beautiful parks, attractive landscaping, and well-maintained streets. Residents enjoy a low crime rate, quality schools, and affordable housing, all of which contribute to the area's overall appeal.
OPPORTUNITY
Investors will find a value-add opportunity in this stable tertiary submarket. The owner has successfully increased the market rents to $1000 for the one beds and $1300 for the two beds. Furthermore, Oak Estates provides a chance to enter a thriving community experiencing growth in industrial, commercial, and residential sectors, all supported by thoughtful planning and development