Northgate Apartments
Multifamily | 60 Units | $89,917/unit
Marketing description
Northgate Apartments, located at 652 Northgate Cir in Rochester, Indiana, is a well-maintained 60-unit multifamily community offering a diverse unit mix and strong in-place performance. Built in 1986, the property features two-story buildings with an efficient layout.
Investment highlights
· The property includes a balanced unit mix of 24 studio units, 26 two-bedroom townhomes, and 10 two-bedroom apartment units, catering to a wide range of tenant needs. Notably, the two-bedroom townhomes and two-bedroom apartment units are equipped with in-unit washer and dryer, enhancing tenant convenience and overall desirability.
· Northgate Apartments is currently operating at high occupancy, demonstrating strong demand and consistent tenant retention. The asset presents clear room for increases in rental income through potential rent adjustments and operational enhancements, offering investors an opportunity to capitalize on market inefficiencies.
· With its efficient unit layouts, strong amenity offerings, stable occupancy, and upside potential, Northgate Apartments represents a compelling investment opportunity for buyers seeking a performing asset with value-add potential.
Listing Contacts
Valuation Calculator
Valuation Metrics
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Is there information that looks off?
