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119 E Lake Ave
Plymouth, IN 46563

$5,450,000 USD

Apartments For Sale • 40,000 SF

Property Details

Property Type Apartments
Total Building Size 50,510 SF
Lot Size 1.04 AC
Building Class B
Year Built 2019
Cap Rate 7.08 %

40 Walk Score

                
                    Highlights
                
                                2019 Construction 
                            
                                Spacious One, Two, and Three-Bedroom Units 
                            
                                Best in Market Amenities: Private Balconies, and In-Unit Laundry
                            
                                7%+ Cap Rate Day 1 with Significant Upside Through Operational Efficiencies and Maximizing Rents Supported by Comps

Cap Rate:

7.08 %

Major Tenants

Tenant	SF Occupied	Lease End Date
Bradley Co - River Gate South

Amenities

Air Conditioning
Balcony
Business Center
Cable Ready
Controlled Access
Clubhouse
Courtyard
Dishwasher
Disposal
Fitness Center
Microwave
Picnic Area
Property Manager on Site
Washer/Dryer
Gated
Furnished Units Available
Grill
Media Center/Movie Theatre
Package Service
Recycling
Ceiling Fans
Refrigerator
Views
Bicycle Storage
Elevator
Maintenance on site
Sundeck
Patio
Wheelchair Accessible (Rooms)
Window Coverings

Public Transportation

Airport	Drive	Walk	Distance
South Bend International	51 min	-	31.4 mi

Kyle Stengle 312-327-5455 Marcus & Millichap

119 E Lake Ave Plymouth, IN 46563