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3300 E Haythorne Ave 27 Unit Apartment Building $1,600,000 ($59,259/Unit) 8.06% Cap Rate Terre Haute, IN 47805
INVESTMENT HIGHLIGHTS
- Built in 1974, renovated in 2015
- 92.59% occupancy
EXECUTIVE SUMMARY
Introducing the prime investment opportunity at 3300 E Haythorne Ave, Terre Haute, IN. This impressive 14,112 SF building, featuring 27 meticulously designed units, is an ideal Multifamily / High-Rise investment. Built in 1974 and renovated in 2015, it offers modern amenities while maintaining its timeless appeal. Zoned Commercial, it provides flexibility for various potential uses. Boasting a convenient location in the thriving Terre Haute area, this property presents an exceptional prospect for investors seeking a profitable venture in the multifamily real estate market.
PROPERTY FACTS
| Price | $1,600,000 | Building Class | C |
| Price Per Unit | $59,259 | Lot Size | 1.45 AC |
| Sale Type | Investment | Building Size | 14,112 SF |
| Cap Rate | 8.06% | Average Occupancy | 93% |
| No. Units | 27 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 1974/2015 |
| Property Subtype | Apartment | Parking Ratio | 2.69/1,000 SF |
| Apartment Style | Garden | ||
| Zoning | Commercial - Commercial Multi-Family Use with the ability to have office buildings or storage units. | ||
| Price | $1,600,000 |
| Price Per Unit | $59,259 |
| Sale Type | Investment |
| Cap Rate | 8.06% |
| No. Units | 27 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 1.45 AC |
| Building Size | 14,112 SF |
| Average Occupancy | 93% |
| No. Stories | 1 |
| Year Built/Renovated | 1974/2015 |
| Parking Ratio | 2.69/1,000 SF |
| Zoning | Commercial - Commercial Multi-Family Use with the ability to have office buildings or storage units. |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 27 | - | - |
1 1
PROPERTY TAXES
| Parcel Number | 84-02-36-357-011.000-013 | Improvements Assessment | $272,000 |
| Land Assessment | $32,500 | Total Assessment | $304,500 |
PROPERTY TAXES
Parcel Number
84-02-36-357-011.000-013
Land Assessment
$32,500
Improvements Assessment
$272,000
Total Assessment
$304,500
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3300 E Haythorne Ave
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