Opportunity to acquire River Gate South, a newly constructed mid-rise apartment community located at 119 E Lake Avenue in Plymouth, Indiana. Built in 2019, this four-story property includes 40 spacious units with a combination of one, two, and three-bedroom layouts designed to accommodate modern renters. Units feature best-in-class finishes such as in-unit laundry, private balconies, contemporary kitchens, and premium interior amenities.
This asset delivers a strong investment profile with a current cap rate of approximately 7.08% and additional value-add potential through operational efficiencies and rent optimization supported by market comps. Residents benefit from an extensive amenity package that includes a fitness center, controlled access entry, clubhouse, movie theatre/media center, sundeck, and outdoor recreation areas. The property is professionally managed and designed for long-term sustainability and tenant satisfaction.
Located within Plymouth’s dynamic housing market, River Gate South offers connectivity to regional employment hubs and local services. With proximity to dining, retail, and schools, the asset positions investors to capitalize on consistent tenant demand within Northern Indiana’s steadily growing rental sector.