220 HARRISON ST, SCOTTSBURG, IN 47170-1900

Deal Room & OM

https://www.marcusmillichap.com/properties/204179/alpha-acres

Marketing Description

Marcus & Millichap is pleased to present the exclusive offering of Alpha Acres, a 36-unit, single-story duplex community situated in Scottsburg, Indiana along the I-65 corridor between Louisville and Indianapolis. Constructed in 1999 with all-brick exteriors and a low-density site plan, the property offers investors a durable, low-maintenance asset in a supply-constrained submarket with individually parceled units — a structural advantage that enhances both financing flexibility and future disposition optionality.

The portfolio consists entirely of two-bedroom, one-bath units averaging 867 square feet, each featuring private driveways, patios, and in-unit washer/dryer connections. These renter-preferred amenities continue to drive strong demand among the region’s workforce housing base. The property currently achieves average rents of $1,036, with a well-supported path to $1,156 — representing approximately $120 per unit in mark-to-market upside validated by comparable properties in the immediate trade area.

Alpha Acres generates consistent occupancy and stable in-place cash flow, with a value-add driven by organic rent growth rather than capital-intensive renovations. Minimal new supply within the submarket, combined with sustained renter demand rooted in regional affordability constraints, reinforces both near-term yield and long-term asset resilience.

The Scottsburg submarket is strategically embedded within Southern Indiana’s expanding industrial corridor, benefiting from proximity to major employment centers in Columbus, Seymour, and the broader Louisville MSA. The continued growth of logistics and manufacturing operations, most notably at the River Ridge Commerce Center, has created a durable foundation of workforce housing demand, underpinning long-term rent growth and occupancy stability for well-located assets like Alpha Acres.