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401 N 10th St
Richmond, IN 47374

$4,355,000 USD

Apartments For Sale  •  49,725 SF

Property Details

  • Property Type Apartments
  • Total Building Size 49,725 SF
  • Lot Size 1.21 AC
  • Building Class C
  • Year Built 1910
  • Zoning M-2
50 Walk Score

Highlights

Fully Redeveloped Loft-Style Building in Richmond, IN with Updated Wiring, Roof, Windows, and Plumbing
Offered at an Attractive Basis of $65K/ Unit – In Place Cap 7.98%
Richmond YoY Rent Growth 4.2% - Market Vacancy 4.4%
Value-Add Opportunity via Renovation Upgrades on Remaining 40% of the Units

Amenities

  • Air Conditioning
  • Business Center
  • Cable Ready
  • Controlled Access
  • Disposal
  • Fitness Center
  • Laundry Facilities
  • Microwave
  • Laundry Service
  • Ceiling Fans
  • High Speed Internet Access
  • Refrigerator
  • Satellite TV
  • Range
  • Tub/Shower
  • Carpet
  • Elevator
  • Online Services

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 48
Type: Surface
Included in Rent: Yes
Aaron Kuroiwa 317-728-8854 Marcus & Millichap
Aaron Kuroiwa 317-728-8854 Marcus & Millichap