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116 1/2 E Church St 7 Unit Apartment Building $599,900 ($85,700/Unit) 8.67% Cap Rate Alexandria, IN 46001
EXECUTIVE SUMMARY
7 unit total in two connecting buildings, 5 are currently occupied, 2 units have been used as commercial businesses. 2022 new TPO Roof , parking in the back, recently painted outside. Convenient Location across from Library. Being Sold AS IS . Alexandria Schools
PROPERTY FACTS
| Price | $599,900 | Apartment Style | Low-Rise |
| Price Per Unit | $85,700 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.16 AC |
| Cap Rate | 8.67% | Building Size | 7,310 SF |
| Gross Rent Multiplier | 11 | Average Occupancy | 70% |
| No. Units | 7 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1900 |
| Property Subtype | Apartment | ||
| Zoning | GB - General Business | ||
| Price | $599,900 |
| Price Per Unit | $85,700 |
| Sale Type | Investment |
| Cap Rate | 8.67% |
| Gross Rent Multiplier | 11 |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 7,310 SF |
| Average Occupancy | 70% |
| No. Stories | 2 |
| Year Built | 1900 |
| Zoning | GB - General Business |
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PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $97,700 | |
| Land Assessment | $3,000 | Total Assessment | $100,700 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$3,000
Improvements Assessment
$97,700
Total Assessment
$100,700
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116 1/2 E Church St
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