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718 W Mulberry St
Kokomo, IN 46901

Price Upon Request

Apartments For Sale  •  16,625 SF

Property Details

  • Property Type Apartments
  • Total Building Size 16,625 SF
  • Lot Size 0.6 AC
  • Building Class C
  • Year Built 1928
50 Walk Score

Highlights

$350K in capital improvements already invested, with over half of the 25 units fully renovated.
Light remaining value-add — just one $15K unit renovation and select cosmetic upgrades left to complete.
Embedded income growth as renovation-related vacancy burns off and units lease up.
NOI upside from shifting utility costs to tenants.
Stabilized cash flow with limited capex needs in a strengthening Kokomo market.

Amenities

  • Air Conditioning
  • Courtyard
  • Dishwasher
  • Laundry Facilities
  • Microwave
  • Security System
  • Storage Space
  • Kitchen
  • Refrigerator
  • Oven
  • Range
  • Tub/Shower
  • Wi-Fi
  • Community-Wide WiFi
  • Dining Room
  • Family Room

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 4
Type: Surface
Included in Rent: Yes
Kathleen Nunez 708-307-2830 Kiser Group
Kathleen Nunez 708-307-2830 Kiser Group