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26469579
26469580

525 N Gardner St, Scottsburg, IN 47170

WA
IN RB23001568
Andes Realty
Listed by Andes Realty
$795,000
289 days on market
Updated 3 days ago
Opportunity zone

525 N Gardner Street

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 4,531
Units 10
Cap Rate 11.42%
NOI $90,800
Occupancy 100%
Broker Co-Op Yes
Buildings 1
Lot Size (SqFt) 15,246
Occupancy Date 08/20/2025

10 Unit Cash Flowing Multi-Family Investment Opportunity I 11.03% CAP

Marketing description

10 Unit Cash Flowing Multi-Family Investment Opportunity

Introducing a prime investment opportunity in the heart of Scottsburg! This 10-unit apartment complex is fully leased and cash flowing, offering immediate returns with long-term upside. Positioned on the high-visibility corner of N Gardner Street and Lakeshore Drive, this well-maintained multifamily property has recently undergone thoughtful renovations throughout the units, providing modernized interiors that appeal to today's renters.

Each unit has been updated to enhance both comfort and functionality. The property layout is efficient and accessible, with ample parking available for residents and guests.

One of the standout features of this complex is its unbeatable location. Situated within walking distance to the serene Lake Lola Park, tenants enjoy direct access to paved walking trails that circle the lake—a perfect setting for daily walks, jogs, or simply relaxing in nature. This proximity to green space enhances tenant satisfaction and makes the property even more desirable.

In addition, the complex is just minutes from the vibrant core of downtown Scottsburg, offering convenient access to dining, shopping, local businesses, and community amenities. With quick access to I-65, residents benefit from an easy commute to nearby employment hubs while investors enjoy strong rental demand and low vacancy.

This is a turnkey asset in a growing market—ideal for seasoned investors looking to expand their portfolio or newcomers seeking a low-maintenance, income-producing property. Don’t miss the opportunity to own a renovated, well-located apartment complex with built-in value and long-term growth potential!

Investment highlights

10 Unit Cash Flowing Multi-Family Investment Opportunity

Listing Contacts

WA
IN RB23001568
Andes Realty
Listed by Andes Realty

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$90,800.00
$7,566.67/mo

Valuation Metrics

0
DSCR
11.42%
Cap Rate
11.42%
ROI

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Additional Information

Name
William Andes
License
RB23001568
Brokerage
EXP Realty
Brokerage Phone
5023222110
Title
Real Estate Broker
Brokerage Address
5419 County Road 403
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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