637 E Oak St - Apartments FOR SALE


Seymour, IN 47274
$7,950,000 USD
317-414-4106
637 E Oak St, Seymour, IN for Sale
$7,950,000 USD
Apartments - FOR SALE
1/6
null | 7.56% Cap Rate

637 E Oak St
Seymour, IN 47274


HIGHLIGHTS

  • 76-Units Located in Seymour, IN
  • Mix of 1 bed/1bath & 2 bed/2bath Units
  • 8 Well Maintained 2-story Brick Buildings

OVERVIEW

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

FOR SALE DETAILS

PRICE

$7,950,000 USD

PRICE/SF

$102 USD /SF

# OF UNITS

76

PRICE/UNIT

$104,605

CAP RATE

7.56%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Oak Estates

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1991

PARKING SPACES

-

LAND DETAILS

LAND ACRES

4.65 AC

LAND SF

202,423 SF

ZONING

-

APN/PARCEL ID

36-66-20-102-004.000-009

ASK ABOUT THIS PROPERTY

Brent SilcoxTriad Real Estate PartnersMore Info
317-414-4106

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Brent SilcoxTriad Real Estate PartnersMore Info
317-414-4106

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