River Gate South | 119 E Lake Ave
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River Gate South 119 E Lake Ave
40 Unit Apartment Building $5,500,000 ($137,500/Unit) 8.24% Cap Rate Plymouth, IN 46563
Property Facts
| Price | $5,500,000 | Property Subtype | Apartment |
| Price Per Unit | $137,500 | Apartment Style | Mid Rise |
| Sale Type | Investment | Building Class | B |
| Cap Rate | 8.24% | Lot Size | 1.04 AC |
| Gross Rent Multiplier | 6.86 | Building Size | 40,000 SF |
| No. Units | 40 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 2019 |
| Price | $5,500,000 |
| Price Per Unit | $137,500 |
| Sale Type | Investment |
| Cap Rate | 8.24% |
| Gross Rent Multiplier | 6.86 |
| No. Units | 40 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid Rise |
| Building Class | B |
| Lot Size | 1.04 AC |
| Building Size | 40,000 SF |
| No. Stories | 4 |
| Year Built | 2019 |
Unit Amenities
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer
- Ceiling Fans
- Refrigerator
- Views
- Patio
- Wheelchair Accessible (Rooms)
- Window Coverings
Site Amenities
- Business Center
- Controlled Access
- Clubhouse
- Courtyard
- Fitness Center
- Picnic Area
- Property Manager on Site
- Gated
- Furnished Units Available
- Grill
- Media Center/Movie Theatre
- Package Service
- Recycling
- Bicycle Storage
- Elevator
- Maintenance on site
- Sundeck
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 3 | - | 775 |
| 2+2 | 32 | - | 775 - 1,373 |
| 3+2 | 5 | - | 1,054 - 1,373 |
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Walk Score ®
Very Walkable (77)
PROPERTY TAXES
| Parcel Number | 50-32-93-104-259.001-019 | Improvements Assessment | $6,152,800 |
| Land Assessment | $114,200 | Total Assessment | $6,267,000 |
PROPERTY TAXES
Parcel Number
50-32-93-104-259.001-019
Land Assessment
$114,200
Improvements Assessment
$6,152,800
Total Assessment
$6,267,000
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Marcus & Millichap
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River Gate South | 119 E Lake Ave
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