18 Unit Southern Indiana Multifamily Opportunity

Multi-Family for Sale
Catylist Listing ID: 30871278
Property Subtypes: Low-Rise/Garden
Number of Units: 18 Units
Building Size (RSF): 160,000 SF
Gross Building Area: See Agent
Sale Price: $1,645,000
Unit Price: $91,388.89 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/9/2024

Overview / Comments

This 18 unit multifamily opportunity is located in an infill residential area of Clarksville Indiana. It is located in a private setting at the end of a mature residential area and is in close proximity to a strong commercial trade area and the I-65 interchange.

The property is professionally managed and caters to a high demand tenant base. It contains a convenient mixture of studios, 2 BR and 3 BR units; most units are two story townhouse style. All units are separately metered for gas and electric. Several apartments have undergone significant renovation. A large garage is on site with a former apartment above that could be explored to add as a 19th unit.

>> 18 units- 13 2BR/1.5BA; 4 studios; 1 3BR/1.5BA
>> Separate gas and electric
>> Stable single family street near commercial area

Attachments & Media

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Clark
Tax ID/APN: 101400800195000012
Zoning: R3

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,424 97,187 244,899
Median Age: 37.07 36.89 37.17
Households: 3,664 40,751 105,612
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