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Devington Acres Portfolio 5918 Devington Rd 37 Unit Apartment Building $2,740,000 ($74,054/Unit) 6.89% Cap Rate Indianapolis, IN 46226
Property Facts Under Contract
| Price | $2,740,000 | Building Class | C |
| Price Per Unit | $74,054 | Lot Size | 2.50 AC |
| Sale Type | Investment | Building Size | 30,000 SF |
| Cap Rate | 6.89% | Average Occupancy | 89% |
| No. Units | 37 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1960 |
| Property Subtype | Apartment | Parking Ratio | 2.33/1,000 SF |
| Apartment Style | Garden | ||
| Zoning | ZO01 | ||
| Price | $2,740,000 |
| Price Per Unit | $74,054 |
| Sale Type | Investment |
| Cap Rate | 6.89% |
| No. Units | 37 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 2.50 AC |
| Building Size | 30,000 SF |
| Average Occupancy | 89% |
| No. Stories | 2 |
| Year Built | 1960 |
| Parking Ratio | 2.33/1,000 SF |
| Zoning | ZO01 |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Washer/Dryer Hookup
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Recycling
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 34 | $900.00 | - |
| 1+1 | 3 | $850.00 | - |
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Fairly walkable
40/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $787,400 | |
| Land Assessment | $175,600 | Total Assessment | $963,000 |
Property Taxes
Parcel Numbers
Land Assessment
$175,600
Improvements Assessment
$787,400
Total Assessment
$963,000
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Contact the Sale Advisor
Devington Acres Portfolio | 5918 Devington Rd