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2915 Arleth St
Terre Haute, IN 47802

Price Upon Request

Apartments For Sale  •  122,481 SF

Property Details

• Property Type Apartments
• Total Building Size 122,481 SF
• Lot Size 2.9 AC
• Building Class B
• Year Built 2010

30 Transit Score

40 Walk Score

Highlights

Stable Income-Restricted Revenue Stream: The property benefits from income-restricted rent structures, providing consistent occupancy, reduced tenant

Strong In-Place Yield: Average rents are 28 percent below true market rate on today’s in-place restrictions.

Defensive Characteristics Park Place delivers a 7.01 percent in-place cap rate and 6.85 percent cash-on-cash return, supported by stable collections

Limited Operational Risk | Turn-Key Investment Profile: Newer vintage asset with stabilized operations, the property requires minimal near-term CAPEX

Amenities

• Air Conditioning
• Heating
• Kitchen
• Wheelchair Accessible (Rooms)