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3-Property Multifamily 1320 Knoll Crest Dr 134 Unit Apartment Building $9,350,000 ($69,776/Unit) 6.57% Cap Rate Kendallville, IN 46755
Executive Summary
The Kendallville apartment community consists of 55 twobedroom/ one-bathroom units with front facing garages, 11 two-bedroom/one-bathroom units without garages, and eight one-bedroom/one bathroom units without garages. It is located at 1320 Knoll Crest Drive, Kendallville, IN 46755.
Please inquire with broker for 2023-2025 financials and current rent roll.
BROKER’S NOTE: PLEASE DO NOT VISIT THE PROPERTY OR DISTURB TENANTS.
Please inquire with broker for 2023-2025 financials and current rent roll.
BROKER’S NOTE: PLEASE DO NOT VISIT THE PROPERTY OR DISTURB TENANTS.
Property Facts
| Price | $9,350,000 | Apartment Style | Garden |
| Price Per Unit | $69,776 | Building Class | B |
| Sale Type | Investment | Lot Size | 16.19 AC |
| Cap Rate | 6.57% | Building Size | 116,400 SF |
| Sale Condition | Bulk/Portfolio Sale | Average Occupancy | 100% |
| No. Units | 134 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 2002 |
| Property Subtype | Apartment | ||
| Zoning | AR | ||
| Price | $9,350,000 |
| Price Per Unit | $69,776 |
| Sale Type | Investment |
| Cap Rate | 6.57% |
| Sale Condition | Bulk/Portfolio Sale |
| No. Units | 134 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 16.19 AC |
| Building Size | 116,400 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 2002 |
| Zoning | AR |
Amenities
Unit Amenities
- Washer/Dryer
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 570734400196000020 | Improvements Assessment | $2,690,900 |
| Land Assessment | $87,100 | Total Assessment | $2,778,000 |
Property Taxes
Parcel Number
570734400196000020
Land Assessment
$87,100
Improvements Assessment
$2,690,900
Total Assessment
$2,778,000
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3-Property Multifamily | 1320 Knoll Crest Dr
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