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Northgate Apartments 652 Northgate Cir 60 Unit Apartment Building $5,395,000 ($89,917/Unit) 7.46% Cap Rate Rochester, IN 46975
Executive Summary
Northgate Apartments, located at 652 Northgate Cir in Rochester, Indiana, is a well-maintained 60-unit multifamily community offering a diverse unit mix and strong in-place performance. Built in 1986, the property features two-story buildings with an efficient layout.
Property Facts
| Price | $5,395,000 | Apartment Style | Garden |
| Price Per Unit | $89,917 | Building Class | C |
| Sale Type | Investment | Lot Size | 3.98 AC |
| Cap Rate | 7.46% | Building Size | 74,198 SF |
| No. Units | 60 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1986 |
| Property Subtype | Apartment |
| Price | $5,395,000 |
| Price Per Unit | $89,917 |
| Sale Type | Investment |
| Cap Rate | 7.46% |
| No. Units | 60 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 3.98 AC |
| Building Size | 74,198 SF |
| No. Stories | 2 |
| Year Built | 1986 |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Heating
- Refrigerator
- Range
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Smoke Free
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 24 | - | - |
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 25-07-09-200-010.010-009 | Improvements Assessment | $2,071,000 |
| Land Assessment | $64,600 | Total Assessment | $2,135,600 |
Property Taxes
Parcel Number
25-07-09-200-010.010-009
Land Assessment
$64,600
Improvements Assessment
$2,071,000
Total Assessment
$2,135,600
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Northgate Apartments | 652 Northgate Cir
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