33 N 5th St | Scottsburg, IN 47170
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- LoopNet Team
33 N 5th St
Scottsburg, IN 47170
Stonebrook of Scottsburg · Multifamily Property For Sale
·
84 Units
INVESTMENT HIGHLIGHTS
- Above average submarket occupancy rates.Demonstrates strong demand for rental units and upward pressure on rents.
- Opportunity to Raise Rents to Market
- Diverse Employment Opportunities . Regionally and Locally. Opportunities Includes: Automotive, Distribution, Pepsi Co, & Medical.
- Historical submarket vacancy is 2.9%, well below national and state averages, demonstrating strong demand for workforce housing.
- Average market rent is $639. Property rent is $538, which offers significant opportunity to raise rents to market.
- Strategically located 30 minutes from Seymour, Indiana and Louisville, Kentucky. Along US 65, which carries 32,950 vehicles per day.
PROPERTY FACTS
| No. Units | 84 | Lot Size | 4.20 AC |
| Property Type | Multifamily | Building Size | 57,600 SF |
| Property Subtype | Apartment | Average Occupancy | 79% |
| Apartment Style | Garden | No. Stories | 2 |
| Building Class | C | Year Built | 1978 |
| No. Units | 84 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 4.20 AC |
| Building Size | 57,600 SF |
| Average Occupancy | 79% |
| No. Stories | 2 |
| Year Built | 1978 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Refrigerator
- Oven
- Range
- Tub/Shower
- Dining Room
SITE AMENITIES
- Laundry Facilities
- Playground
- Maintenance on site
- Online Services
ABOUT 33 N 5TH ST , SCOTTSBURG, IN 47170
Stonebrook is a class workforce housing property near a diverse employment opportunities. Also, its convenient location is within commuting distance to several major cities, such as Louisville, Cincinnati, Seymour, and Columbus. Scottsburg is directly adjacent to I-65 and US31 making it ideal for quick commutes.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 60 | $465.00 | 650 |
| 2+2 | 24 | $565.00 | 775 |
PROPERTY TAXES
| Parcel Number | 72-05-20-130-015.000-008 | Improvements Assessment | $56,700 |
| Land Assessment | $95,900 | Total Assessment | $152,600 |
PROPERTY TAXES
Parcel Number
72-05-20-130-015.000-008
Land Assessment
$95,900
Improvements Assessment
$56,700
Total Assessment
$152,600
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