1320 Smith St - Apartments FOR SALE


Logansport, IN 46947
$2,900,000 USD
219-805-5200
1320 Smith St, Logansport, IN for Sale
$2,900,000 USD
Apartments - FOR SALE
1/33
null | Request Cap Rate

1320 Smith St
Logansport, IN 46947


OVERVIEW

Ellsbury Group is pleased to present Meadowood Apartments, a 42-unit community featuring 9 two-bedroom units, 29 one-bedroom units, and 4 studios. The property delivers strong day-one income with high occupancy supported by a well-balanced unit mix. Newly installed metal roofs and attractive layouts contribute to high tenant demand. Significant upside remains through rent growth and operational efficiencies, offering investors both immediate cash flow and long-term value appreciation.

FOR SALE DETAILS

PRICE

$2,900,000 USD

PRICE/SF

$114 USD /SF

# OF UNITS

42

PRICE/UNIT

$69,048

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Meadowood Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1980

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.42 AC

LAND SF

148,975 SF

ZONING

PR

APN/PARCEL ID

09-17-19-300-012.000-006

ASK ABOUT THIS PROPERTY

Tariq SubohEllsbury Commercial GroupMore Info
219-805-5200

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Tariq SubohEllsbury Commercial GroupMore Info
219-805-5200

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