513-525 N Gardner St - Storefront FOR SALE


Scottsburg, IN 47170
$925,000 USD
502-322-2110
513-525 N Gardner St, Scottsburg, IN for Sale
$925,000 USD
Storefront - FOR SALE
1/10
null | 11.03% Cap Rate

513-525 N Gardner St
Scottsburg, IN 47170


HIGHLIGHTS

  • Cash Flowing Multifamily Property
  • Minutes From The Highway
  • Walking Distance From Lake Lola
  • Reach out to William Andes for more information

OVERVIEW

10 Unit Multi-Family Investment Opportunity Introducing a prime investment opportunity in the heart of Scottsburg! This 10-unit apartment complex is fully leased and cash flowing, offering immediate returns with long-term upside. Positioned on the high-visibility corner of N Gardner Street and Lakeshore Drive, this well-maintained multifamily property has recently undergone thoughtful renovations throughout the units, providing modernized interiors that appeal to today's renters. Each unit has been updated to enhance both comfort and functionality. The property layout is efficient and accessible, with ample parking available for residents and guests. One of the standout features of this complex is its unbeatable location. Situated within walking distance to the serene Lake Lola Park, tenants enjoy direct access to paved walking trails that circle the lake—a perfect setting for daily walks, jogs, or simply relaxing in nature. This proximity to green space enhances tenant satisfaction and makes the property even more desirable. In addition, the complex is just minutes from the vibrant core of downtown Scottsburg, offering convenient access to dining, shopping, local businesses, and community amenities. With quick access to I-65, residents benefit from an easy commute to nearby employment hubs while investors enjoy strong rental demand and low vacancy. This is a turnkey asset in a growing market—ideal for seasoned investors looking to expand their portfolio or newcomers seeking a low-maintenance, income-producing property. Don’t miss the opportunity to own a renovated, well-located apartment complex with built-in value and long-term growth potential!

FOR SALE DETAILS

PRICE

$925,000 USD

PRICE/SF

$204 USD /SF

CAP RATE

11.03%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1949

SPRINKLERS

-

PARKING SPACES

25

LAND DETAILS

LAND ACRES

0.45 AC

LAND SF

19,600 SF

ZONING

C

APN/PARCEL ID

72-05-19-110-015.000-008

ASK ABOUT THIS PROPERTY

William AndesAndes Realty TeamMore Info
502-322-2110

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William AndesAndes Realty TeamMore Info
502-322-2110

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