555 Salem Dr., Kokomo, IN 46901 - multi-family property

Detailed information about multi-family property which situated in Kokomo (46901) city, Indiana state on 555 Salem Dr..
The apartments are well linked to employment, restaurants and power center retail along 31, and most importantly the city's two largest employers Chrysler and Delphi (which recently announced a new plant opening on south US 31). The neighborhood is a mix of primarily single family residential and ringed by some commercial and two other apartment complexes Fox and Cambridge Square. Jackson Morrow Park, with its trails, soccer fields, frisbee golf course, sand volleyball courts and bike trails anchors the neighborhood to the south. The Kokomo MSA, including Tipton County, adjacent and to the South, has a total population of approximately 100,000. While the population of the MSA is stagnant, Hamilton County, part of the Indianapolis MSA and just south of the Kokomo MSA along 31, is the fastest growing county in the state, and 18th fastest growing in the nation. Kokomo is about 40 miles east of Lafayette, 40 miles north of Indianapolis, 90 miles south of South Bend and 70 miles southwest of Fort Wayne.

Additional Information: MAJOR REDUCTION!! Great Opportunity to purchase mid-size apartment community in Kokomo! Kokomo is a city of approximately 50,000 residents and the county seat of Howard County. Concord Square is a 1983 vintage Cardinal Industries constructed Ranch Style Apartment community tucked away in an attractive single family neighborhood called Manor Woods on the south side of the City. The property sits 225 feet south of the intersection of Concord and Alto (one of the main east-west nodes in Kokomo, a little over 1/2 mile from US 31, which is the MAIN highway in Kokomo and claims a 42,000 Average Daily Traffic count. The community is a 49 unit complex comprised of 8 buildings. The apartment mix is 6 studios, 34 1 Bedroom 1 bath, 8 two bedroom 1 bath, and 2 two bedroom two bath. (One of the studios is a non-revenue managers office). The apartments are well linked to employment, restaurants and power center retail along 31, and most importantly the city's two largest employers Chrysler and Delphi (which recently announced a new plant opening on south US 31).