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501 1st Ave SE
Carmel, IN 46032
Carmel Village Green · Multifamily Property For Sale
·
24 Units
Investment Highlights
- $141/Unit Rental Upside
- Highest Market Rent/Unit Submarket in Indiana
- 6.88% Year-Over-Year Rent Growth 2021 – 2023 in Carmel.
- 94% market occupancy
Property Facts
| No. Units | 24 | Building Size | 23,038 SF |
| Property Type | Multifamily | Average Occupancy | 87% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1963/2017 |
| Building Class | C | Parking Ratio | 2.52/1,000 SF |
| Lot Size | 1.20 AC |
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.20 AC |
| Building Size | 23,038 SF |
| Average Occupancy | 87% |
| No. Stories | 2 |
| Year Built/Renovated | 1963/2017 |
| Parking Ratio | 2.52/1,000 SF |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Disposal
- Heating
- Kitchen
- Granite Countertops
- Hardwood Floors
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Patio
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Pool
- Property Manager on Site
- Maintenance on site
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | - | 668 |
| 2+1 | 16 | - | 800 |
| 3+2 | 4 | - | 992 |
Property Taxes
| Parcel Number | 29-10-30-314-001.000-018 | Improvements Assessment | $1,583,900 |
| Land Assessment | $420,000 | Total Assessment | $2,003,900 |
Property Taxes
Parcel Number
29-10-30-314-001.000-018
Land Assessment
$420,000
Improvements Assessment
$1,583,900
Total Assessment
$2,003,900
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