Listed by TRIO Commercial Property Group LLC
$3,000,000
Beverly Manor Apartments
Details
APN 10-19-00-100-552.000-010
Property Type Multifamily
Sub Type Apartment Building
Square Footage 22,185
Units 28
Occupancy 96.42%
Tenancy Multi
Year Built 1974
Buildings 1
Acreage 0.610
Zoning M-1
Investment Type Stabilized
Southern Indiana Multifamily | 28 Units
Marketing description
Well-positioned 28-unit apartment community comprised entirely of 1 Bedroom / 1 Bathroom units, with an occupancy rate of 96.42%, offering strong in-place income with immediate upside through rental growth.
The property benefits from recent capital improvements, simple operations, and a highly desirable workforce housing profile.
This offering presents a rare opportunity to acquire a stable, income-producing asset that has not been brought to market since 2006.
Investment highlights
- Priced for Quick Sale – Attractive entry basis
- Strong In-Place Cash Flow
- Occupancy is 96.42%
- ~18% Rental Upside to Market
- Proven demand for 1BR units
- On-site professional management
- First time on market in 20 years
Listing Contacts
Listed by TRIO Commercial Property Group LLC
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