1231 W Walnut St | Kokomo, IN 46901
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- LoopNet Team
1231 W Walnut St
Kokomo, IN 46901
Walnut Manor · Multifamily Property For Sale
·
25 Units
INVESTMENT HIGHLIGHTS
- Offered at a Low Basis of $57K/unit
- Nearly $300K in Capital Improvements (Brand New Roof & Parking Lot)
- Kokomo 7.8% Rent Growth in Q2 of 2024
- $82/Mo Average Rental Upside
- 8% In-Place CAP, 10% Pro Forma CAP Rate
PROPERTY FACTS
| No. Units | 25 | Lot Size | 0.52 AC |
| Property Type | Multifamily | Building Size | 27,192 SF |
| Property Subtype | Apartment | Average Occupancy | 92% |
| Apartment Style | Low-Rise | No. Stories | 2 |
| Building Class | C | Year Built | 1930 |
| No. Units | 25 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.52 AC |
| Building Size | 27,192 SF |
| Average Occupancy | 92% |
| No. Stories | 2 |
| Year Built | 1930 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Oven
- Range
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 8 | $617.50 | 428 |
| 1+1 | 16 | $705.00 | 789 |
| 3+2 | 1 | $1,125 | 850 |
PROPERTY TAXES
| Parcel Number | 34-03-36-151-024.000-002 | Improvements Assessment | $670,400 |
| Land Assessment | $56,100 | Total Assessment | $726,500 |
PROPERTY TAXES
Parcel Number
34-03-36-151-024.000-002
Land Assessment
$56,100
Improvements Assessment
$670,400
Total Assessment
$726,500
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