33 N 5th St - Apartments FOR SALE
Scottsburg, IN 47170 |
33 N 5th St
Scottsburg, IN 47170
HIGHLIGHTS
- Above average submarket occupancy rates.Demonstrates strong demand for rental units and upward pressure on rents.
- Historical submarket vacancy is 2.9%, well below national and state averages, demonstrating strong demand for workforce housing.
- Opportunity to Raise Rents to Market
- Average market rent is $639. Property rent is $538, which offers significant opportunity to raise rents to market.
- Diverse Employment Opportunities . Regionally and Locally. Opportunities Includes: Automotive, Distribution, Pepsi Co, & Medical.
- Strategically located 30 minutes from Seymour, Indiana and Louisville, Kentucky. Along US 65, which carries 32,950 vehicles per day.
OVERVIEW
Stonebrook is a class workforce housing property near a diverse employment opportunities. Also, its convenient location is within commuting distance to several major cities, such as Louisville, Cincinnati, Seymour, and Columbus. Scottsburg is directly adjacent to I-65 and US31 making it ideal for quick commutes.
FOR SALE DETAILS
PRICE
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# OF UNITS
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CAP RATE
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% LEASED
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BUILDING DETAILS
PROPERTY NAME
Stonebrook of Scottsburg
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Garden
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
57600
STORIES
2
YEAR BUILT
1978
PARKING SPACES
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LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
72-05-20-130-015.000-008
