2205 S Washington St | Kokomo, IN 46902
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- LoopNet Team
2205 S Washington St
Kokomo, IN 46902
The Annex of Kokomo · Multifamily Property For Sale · 61 Units
Investment Highlights
- Debt Assumption Potential: New ownership will have the potential to take over a loan with favorable LTV and an interest rate of 4.05% that is locked i
- RUBS Opportunity: Current Ownership is not recovering a majority of the utilities the property incurs. New Ownership will have the opportunity to impl
- Room to Grow Rents: Annex of Kokomo is currently 95.9% occupied with rents well below similar properties. Nearby University Park at Kokomo has per-bed
- Minimal Living Options in the Area: Annex of Kokomo is one of two student living options for Indiana University Kokomo. Additionally, the university o
PROPERTY FACTS
| No. Units | 61 | Building Size | 161,100 SF |
| Property Type | Multifamily | Average Occupancy | 85% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low Rise | Year Built | 2014 |
| Building Class | B | Parking Ratio | 0.74/1,000 SF |
| Lot Size | 4.00 AC |
| No. Units | 61 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | B |
| Lot Size | 4.00 AC |
| Building Size | 161,100 SF |
| Average Occupancy | 85% |
| No. Stories | 3 |
| Year Built | 2014 |
| Parking Ratio | 0.74/1,000 SF |
Unit Amenities
- Air Conditioning
- Microwave
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Freezer
Site Amenities
- Laundry Facilities
- Furnished Units Available
- Volleyball Court
- Bicycle Storage
- Individual Leases Available
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 52 | - | 710 |
| 3+3 | 1 | - | 712 |
| 4+4 | 8 | - | 1,252 |
PROPERTY TAXES
| Parcel Number | 34-09-12-201-032.000-002 | Improvements Assessment | $4,701,700 |
| Land Assessment | $250,500 | Total Assessment | $4,952,200 |
PROPERTY TAXES
Parcel Number
34-09-12-201-032.000-002
Land Assessment
$250,500
Improvements Assessment
$4,701,700
Total Assessment
$4,952,200
zoning
| Zoning Code | 403 |
| 403 |
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