808 Northside Blvd | Nappanee, IN 46550
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- LoopNet Team
808 Northside Blvd
Nappanee, IN 46550
Northside Manor Apartments · Multifamily Property For Sale
·
68 Units
INVESTMENT HIGHLIGHTS
- Great Unit Mix: 29 Percent One-Bedroom, 71 Percent Two-Bedroom Units
- 17.7 Percent Proven Premium On Renovated Units ($186/Mo)
- Over $900k In Capital Expenditures Spent In The Past Three Years
- Proforma 8.38 Percent Cap Rate
PROPERTY FACTS
| No. Units | 68 | Building Size | 48,650 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1985 |
| Building Class | B | Parking Ratio | 2.38/1,000 SF |
| Lot Size | 19.11 AC | ||
| Zoning | PUD | ||
| No. Units | 68 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 19.11 AC |
| Building Size | 48,650 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1985 |
| Parking Ratio | 2.38/1,000 SF |
| Zoning | PUD |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Window Coverings
SITE AMENITIES
- Playground
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 19 | - | 450 |
| 1+1 | 19 | - | 600 |
| 2+2 | 30 | - | 900 |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $1,654,100 | |
| Land Assessment | $0 | Total Assessment | $1,654,100 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$0
Improvements Assessment
$1,654,100
Total Assessment
$1,654,100
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