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601 W Center Dr
North Liberty, IN 46554

$2,199,000 USD

Apartments For Sale  •  16,000 SF

Property Details

  • Property Type Apartments
  • Total Building Size 16,000 SF
  • Lot Size 4.18 AC
  • Building Class C
  • Year Built 1979
  • Zoning R2
0 Transit Score
36 Walk Score

Highlights

Turnkey, Stabilized Asset: Immediate, secure cash flow with 95% occupancy. Minimal lease-up risk for a new owner.
Recent Capital Investment: Fully upgraded in 2024, minimizing near-term capital expenditure for a new buyer.
Value-Add Potential: Significant opportunity for rent improvement to market rates and potential end-cap expansion (subject to zoning approval).
Expansive Lot: 4.18 Acres zoned R2 Multi-Family Residential offers future development possibilities for carports, garages, or additional density.
Strategic Location: Situated in North Liberty, Indiana, a commutable and affordable residential community providing housing demand for the greater Sou

Property Flyers

Amenities

  • Air Conditioning
  • Dishwasher
  • Picnic Area
  • Washer/Dryer
  • Washer/Dryer Hookup
  • Heating
  • Refrigerator
  • Range
  • Carpet
  • Maintenance on site
  • Vinyl Flooring

Public Transportation

AirportDriveWalkDistance
South Bend International 35 min - 16.9 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 40
Type: Surface
Included in Rent: Yes
Juan Villarreal 647-740-3348 Villar Real Estate Advisors
Juan Villarreal 647-740-3348 Villar Real Estate Advisors