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Plumwood Apartments 5 E Plum St 39 Unit Apartment Building $2,700,000 ($69,231/Unit) Chesterfield, IN 46017
EXECUTIVE SUMMARY
Ellsbury Group is pleased to present Plumwood Apartments, a 39-unit community in Chesterfield, Indiana, consisting of 4 two-bedroom units, 26 one-bedroom units, and 9 studios. The property spans six single-story buildings and offers residents efficient layouts with an average unit size of 546 sq. ft. Strong day-one income is supported by tenant-paid electric utilities and a well-balanced unit mix. Recent roof replacements enhance durability, while rent growth and operational efficiencies provide meaningful upside potential.
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS Under Contract
| Price | $2,700,000 | Apartment Style | Garden |
| Price Per Unit | $69,231 | Building Class | C |
| Sale Type | Investment | Lot Size | 2.27 AC |
| Sale Condition | Bulk/Portfolio Sale | Building Size | 21,312 SF |
| No. Units | 39 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1980 |
| Property Subtype | Apartment |
| Price | $2,700,000 |
| Price Per Unit | $69,231 |
| Sale Type | Investment |
| Sale Condition | Bulk/Portfolio Sale |
| No. Units | 39 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 2.27 AC |
| Building Size | 21,312 SF |
| No. Stories | 1 |
| Year Built | 1980 |
AMENITIES
UNIT AMENITIES
- Heating
- Kitchen
- Oven
- Range
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 9 | - | 1 |
| 1+1 | 26 | - | 1 |
| 2+1 | 4 | - | 1 |
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PROPERTY TAXES
| Parcel Number | 48-12-10-700-002.000-035 | Improvements Assessment | $1,282,900 (2024) |
| Land Assessment | $109,200 (2024) | Total Assessment | $1,392,100 (2024) |
PROPERTY TAXES
Parcel Number
48-12-10-700-002.000-035
Land Assessment
$109,200 (2024)
Improvements Assessment
$1,282,900 (2024)
Total Assessment
$1,392,100 (2024)
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Plumwood Apartments | 5 E Plum St
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