808 Northside Blvd - Apartments FOR SALE


Nappanee, IN 46550
$4,750,000 USD
317-728-8854
808 Northside Blvd, Nappanee, IN for Sale
$4,750,000 USD
Apartments - FOR SALE
1/5
null | 7% Cap Rate

808 Northside Blvd
Nappanee, IN 46550


HIGHLIGHTS

  • Great Unit Mix: 29 Percent One-Bedroom, 71 Percent Two-Bedroom Units
  • Over $900k In Capital Expenditures Spent In The Past Three Years
  • 17.7 Percent Proven Premium On Renovated Units ($186/Mo)
  • Proforma 8.38 Percent Cap Rate

FOR SALE DETAILS

PRICE

$4,750,000 USD

PRICE/SF

$98 USD /SF

# OF UNITS

68

PRICE/UNIT

$69,853

CAP RATE

7%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Northside Manor Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1985

PARKING SPACES

116

LAND DETAILS

LAND ACRES

19.11 AC

LAND SF

832,432 SF

ZONING

PUD

APN/PARCEL ID

20-13-25-477-013.000-021,20-13-25-477-015.000-021

ASK ABOUT THIS PROPERTY

Aaron KuroiwaMarcus & MillichapMore Info
317-728-8854

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Aaron KuroiwaMarcus & MillichapMore Info
317-728-8854

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