417-421 Westwood Ln - Apartments FOR SALE


Rochester, IN 46975
$2,900,000 USD
219-805-5200
417-421 Westwood Ln, Rochester, IN for Sale
$2,900,000 USD
Apartments - FOR SALE
1/28
null | Request Cap Rate

417-421 Westwood Ln
Rochester, IN 46975


OVERVIEW

Ellsbury Group is pleased to present Rochester Place Apartments, a 42-unit community in Rochester, Indiana, comprised of 9 two-bedroom units, 29 one-bedroom units, and 4 studios. The property features eight single-story buildings with an average unit size of 610 sq. ft. Strong day-one income is supported by tenant-paid electric utilities and a balanced unit mix. Recent capital improvements, including new metal roofs and siding, enhance durability and curb appeal, while rent growth and operational efficiencies provide meaningful upside potential.

FOR SALE DETAILS

PRICE

$2,900,000 USD

PRICE/SF

$113 USD /SF

# OF UNITS

42

PRICE/UNIT

$69,048

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Rochester Place Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1982

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.6 AC

LAND SF

113,256 SF

ZONING

-

APN/PARCEL ID

25-07-93-200-004.010-009

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.