South Common Duplexes | 407 W South St
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South Common Duplexes 407 W South St
16 Unit Apartment Building $1,590,000 ($99,375/Unit) 5.55% Cap Rate Greenfield, IN 46140
Investment Highlights
- Pro Forma 7.8% Cap Rate
- Fast-growing Indy Suburb, Population Growth of 3%+ Annually
- Little-To-No Deferred Maintenance
- Brand New Concrete Parking Lot and New Roofs
- Rents 25% Under Market
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts Under Contract
| Price | $1,590,000 | Apartment Style | Garden |
| Price Per Unit | $99,375 | Building Class | B |
| Sale Type | Investment | Lot Size | 1.67 AC |
| Cap Rate | 5.55% | Building Size | 12,008 SF |
| Gross Rent Multiplier | 10.41 | Average Occupancy | 95% |
| No. Units | 16 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1995 |
| Property Subtype | Apartment | Parking Ratio | 2.66/1,000 SF |
| Price | $1,590,000 |
| Price Per Unit | $99,375 |
| Sale Type | Investment |
| Cap Rate | 5.55% |
| Gross Rent Multiplier | 10.41 |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 1.67 AC |
| Building Size | 12,008 SF |
| Average Occupancy | 95% |
| No. Stories | 1 |
| Year Built | 1995 |
| Parking Ratio | 2.66/1,000 SF |
Unit Amenities
- Air Conditioning
- Wheelchair Accessible (Rooms)
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | $825.00 | 628 |
| 2+1 | 14 | $792.50 | 768 |
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South Common Duplexes | 407 W South St
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