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718 W Mulberry St
Kokomo, IN 46901
Historic Mulberry Flats | MF · Multifamily Property For Sale
·
25 Units
Investment Highlights
- Features amenities that include 12 single-car garages, coin-operated laundry facilities, Wi-Fi, and a lush courtyard filled with greenery.
- Fantastic value-add upside through renovating the remaining units to increase rental rates as the tenant roster rolls over.
- Prominently positioned multifamily property located in Kokomo, Indiana, offering investors built-in cash flow with 96% occupancy.
- Kokomo Multifamily Market is a compressing, tight market with shrinking 5.5% vacancy rates and exponentially increasing rental rates.
- Idyllic location that provides residents a walkable distance to top area attractions and recreation, including local minor league baseball games.
Property Facts
| No. Units | 25 | Building Size | 16,625 SF |
| Property Type | Multifamily | Average Occupancy | 96% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1928 |
| Building Class | C | Parking Ratio | 0.36/1,000 SF |
| Lot Size | 0.60 AC |
| No. Units | 25 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.60 AC |
| Building Size | 16,625 SF |
| Average Occupancy | 96% |
| No. Stories | 2 |
| Year Built | 1928 |
| Parking Ratio | 0.36/1,000 SF |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Microwave
- Storage Space
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Wi-Fi
- Dining Room
- Family Room
Site Amenities
- Courtyard
- Laundry Facilities
- Security System
- Community-Wide WiFi
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 25 | $778.00 | 639 |
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,601,700 | |
| Land Assessment | $52,100 | Total Assessment | $1,653,800 |
Property Taxes
Parcel Numbers
Land Assessment
$52,100
Improvements Assessment
$1,601,700
Total Assessment
$1,653,800
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