KDC Portfolio 4 Multifamily Properties Offered at $7,795,000 in Multiple Locations
INVESTMENT HIGHLIGHTS
- Offered at an approximate 50% discount to replacement cost on a price per square foot basis
- Approximately 20.6% rental upside with low capital investment required
- Highest quality housing in supply constrained markets
- $1.8M of economic incentives and grants to develop an additional 48 units at Rushville Villas
TAXES & OPERATING EXPENSES (ACTUAL - 2024) Click Here to Access |
ANNUAL |
|---|---|
| Gross Rental Income |
$99,999
|
| Other Income |
$99,999
|
| Vacancy Loss |
$99,999
|
| Effective Gross Income |
$99,999
|
| Taxes |
$99,999
|
| Operating Expenses |
$99,999
|
| Total Expenses |
$99,999
|
| Net Operating Income |
$99,999
|
PROPERTY FACTS
| Price | $7,795,000 |
| Price / SF | $85.09 / SF |
| Cap Rate | 6.37% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 4 |
| Individually For Sale | 0 |
| Total Building Size | 91,613 SF |
| Total Land Area | 6.13 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
|
Stone Run Villas
123 W Morgan St, Knightstown, IN 46148 |
Multifamily | 30,000 SF | 2022 | - |
| 701 W 16th St, Rushville, IN 46173 | Multifamily | 28,176 SF | 2021 | - |
| 101 E Main St, Hartford City, IN 47348 | Multifamily | 16,557 SF | 2019 | - |
| 624 E Main St, Spiceland, IN 47385 | Multifamily | 16,880 SF | 2017 | - |
1 of 1
