22156 Maple Ct | Woodburn, IN 46797
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22156 Maple Ct
Woodburn, IN 46797
Lynnwood Apartments · Multifamily Property For Sale
·
24 Units
INVESTMENT HIGHLIGHTS
- Lack of competing rental housing in the immediate area
- Offered at an attractive cap rate of 8.4%
- $161 Rental Upside per unit
- Projected pro-forma cash-on-cash return of 16.64%+ and Proforma CAP rate of 10.52%.
PROPERTY FACTS
| No. Units | 24 | Lot Size | 2.29 AC |
| Property Type | Multifamily | Building Size | 14,732 SF |
| Property Subtype | Apartment | Average Occupancy | 87% |
| Apartment Style | Garden | No. Stories | 2 |
| Building Class | B | Year Built/Renovated | 1983/2025 |
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 2.29 AC |
| Building Size | 14,732 SF |
| Average Occupancy | 87% |
| No. Stories | 2 |
| Year Built/Renovated | 1983/2025 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Disposal
- Kitchen
- Refrigerator
- Oven
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 8 | - | - |
| 2+1 | 4 | - | 766 |
| 3+2 | 12 | - | 1,200 |
PROPERTY TAXES
| Parcel Number | 02-10-20-454-006.000-053 | Improvements Assessment | $360,400 |
| Land Assessment | $63,000 | Total Assessment | $423,400 |
PROPERTY TAXES
Parcel Number
02-10-20-454-006.000-053
Land Assessment
$63,000
Improvements Assessment
$360,400
Total Assessment
$423,400
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