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500 Block 4th st - Alpine Studios @ Seymour 7.5 Acres of Residential Land Offered at $1,250,000 in Seymour, IN 47274

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INVESTMENT HIGHLIGHTS

  • Approved High Density Apartment Site--208 units
  • Within 1 Mile of Cummins Engine Offices and Plant & other International Manufacturing Firms
  • All Engineering, Architectural Plans, ready to pull Building Permits

EXECUTIVE SUMMARY

Approved site and building plans for multifamily residential development. The proposed unit mix includes 12 Efficiency units with 372 sf, 78 Studio units with 500 sf, 96-1 bed/1 bath Units with 732 sf, and 22-2 bed/1.5 bath units with 964 sf. The total s RBA is 134,994 sf.

PROPERTY FACTS

Price $1,250,000
Sale Type Owner User
No. Lots 1
Property Type Land
Property Subtype Residential
Proposed Use
Commercial
  • Multifamily
  • Apartment Units
Total Lot Size 7.50 AC
Opportunity Zone Yes
Zoning R-4 - High Density Multi-family---28 units to the acre.

1 LOT AVAILABLE

Lot

Price $1,250,000
Price Per AC $166,666.67
Lot Size 7.50 AC

7.5 acre lot with Approved site and building plans for multifamily residential development.

DESCRIPTION

7.5 acres R-3 zoned for 208 apartment units-- Level topography , Complete Engineering, Site plan, & complete Architectural Building Plans---ready to start construction. Two like kind completed sister developments that developer built out in the last 5 years are located on the S.W. & Southern Suburbs of Indianapolis, In.. Both of these developments achieved stabilized occupancy in less than 1 year of completion, and were sold to 3rd party investors. (Listing Realtor can arrange tours of these properties for qualified / interested parties of this listing.)

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
36-66-21-200-001.000-009
Land Assessment
$48,100
Improvements Assessment
$0
Total Assessment
$48,100
  • Listing ID: 33872685

  • Date on Market: 11/14/2024

  • Last Updated:

  • Address: 500 Block 4th st, Seymour, IN 47274

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