300 E 261 South | Kokomo, IN 46902
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300 E 261 South
Kokomo, IN 46902
Timbernest Town Homes · Multifamily Property For Sale · 36 Units
Investment Highlights
- Located just outside of Kokomo, this property provides a short commute combined with a quality country living setting.
- Townhomes sit in a wooded area with a large back yard and a lot of green space, providing a quite and private home.
- A lot of new capital improvements have been made to the property in recent years including new siding, new roofs, and a new parking lot.
- Property offers very affordable rental rates and spacious apartments, with an average unit size 200 sqft above closest competitor.
- Strong employee base with close to 50% of jobs coming from manufacturing, health care, and education industries.
PROPERTY FACTS
| No. Units | 36 | Building Size | 39,600 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low Rise | Year Built | 1975 |
| Building Class | B | Parking Ratio | 1.41/1,000 SF |
| Lot Size | 15.22 AC |
| No. Units | 36 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | B |
| Lot Size | 15.22 AC |
| Building Size | 39,600 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1975 |
| Parking Ratio | 1.41/1,000 SF |
Unit Amenities
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Washer/Dryer
- Tile Floors
- Eat-in Kitchen
- Refrigerator
- Range
- Carpet
Site Amenities
- 24 Hour Access
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+2 | 6 | - | - |
| 2+2 | 30 | - | - |
PROPERTY TAXES
| Parcel Number | 34-10-15-302-003.000-024 | Improvements Assessment | $1,254,300 |
| Land Assessment | $140,800 | Total Assessment | $1,395,100 |
PROPERTY TAXES
Parcel Number
34-10-15-302-003.000-024
Land Assessment
$140,800
Improvements Assessment
$1,254,300
Total Assessment
$1,395,100
zoning
| Zoning Code | Residential |
| Residential |
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