503 Jackson St | Walkerton, IN 46574
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- LoopNet Team
503 Jackson St
Walkerton, IN 46574
Walkerton Apartments · Multifamily Property For Sale
·
12 Units
INVESTMENT HIGHLIGHTS
- Attractive going in cap rate: 8.07%
- Potential to shift electric utilities to tenants
- 17% discount to sales comparable average
- Tax-adjusted Proforma cap rate: 9.13%
- Located in a historically strong rent growth area
PROPERTY FACTS
| No. Units | 12 | Lot Size | 0.13 AC |
| Property Type | Multifamily | Building Size | 3,432 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1967 |
| Building Class | C | Parking Ratio | 3.5/1,000 SF |
| Zoning | R - Residential | ||
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.13 AC |
| Building Size | 3,432 SF |
| No. Stories | 2 |
| Year Built | 1967 |
| Parking Ratio | 3.5/1,000 SF |
| Zoning | R - Residential |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Range
- Tub/Shower
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 3 | $758.00 | 637 |
| 2+1 | 9 | $842.00 | 833 |
PROPERTY TAXES
| Parcel Number | 71-16-24-307-008.000-015 | Improvements Assessment | $42,900 |
| Land Assessment | $9,300 | Total Assessment | $52,200 |
PROPERTY TAXES
Parcel Number
71-16-24-307-008.000-015
Land Assessment
$9,300
Improvements Assessment
$42,900
Total Assessment
$52,200
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