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1729 Bancroft Ave
Rochester, IN 46975
College Square Apartments · Multifamily Property For Sale
·
16 Units
Investment Highlights
- Currently, there is opportunity to increase base rent to $675 with minimal renovations needed.
- Within Rochester, there are only 91 market rate units, making for immense demand for the workforce housing tenant base in Rochester.
- The recently on-boarded management company has proven 35% rental increases in approximately one-quarter of the of the units.
Property Facts
| No. Units | 16 | Building Size | 8,400 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Garden | Year Built | 1960 |
| Building Class | C | Parking Ratio | 3.57/1,000 SF |
| Lot Size | 0.93 AC | ||
| Zoning | R3 - Residential | ||
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.93 AC |
| Building Size | 8,400 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1960 |
| Parking Ratio | 3.57/1,000 SF |
| Zoning | R3 - Residential |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 16 | - | 500 - 600 |
Property Taxes
| Parcel Number | 25-07-92-485-009.000-009 | Improvements Assessment | $413,400 |
| Land Assessment | $52,400 | Total Assessment | $465,800 |
Property Taxes
Parcel Number
25-07-92-485-009.000-009
Land Assessment
$52,400
Improvements Assessment
$413,400
Total Assessment
$465,800
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