Apartment Buildings /IN /Jefferson County /Madison /2750 Michigan Rd
Apartment Buildings /IN /Jefferson County /Madison /2750 Michigan Rd

2750 Michigan Rd - Multi-Family FOR SALE


Madison, IN 47250 | 
$3,850,000 USD
317-218-5330
2750 Michigan Rd, Madison, IN for Sale
$3,850,000 USD
Multi-Family - FOR SALE
1/1
null | 7.05% Cap Rate
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2750 Michigan Rd
Madison, IN 47250

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HIGHLIGHTS

  • 16.4% Loss to Lease, property currently pacing $145 behind market rents
  • Diversified Unit Mix: Studios(9), One Bedroom(36), Two Bedroom(10)
  • Supply Constrained Market: 0 Units under construction in a 5-mile radius
  • Property continues to display stable occupancy of 95%+

FOR SALE DETAILS

PRICE

$3,850,000 USD

PRICE/SF

$142 USD /SF

# OF UNITS

55

PRICE/UNIT

$70,000

CAP RATE

7.05%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1983

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.44 AC

LAND SF

149,846 SF

ZONING

-

APN/PARCEL ID

39-08-23-200-027-000-007

ASK ABOUT THIS PROPERTY

Aaron KuroiwaMarcus & MillichapMore Info
317-218-5330

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Aaron KuroiwaMarcus & MillichapMore Info
317-218-5330

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

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