Detailed information about multi-family property which situated in Richmond (47374) city, Indiana state on 953 S 23rd St.
Additional Information: MAJOR PRICE REDUCTION! Summit Realty Group has been retained as the exclusive investment advisor in the REO sale of Country Club Apartments, a 312-unit property located in Richmond, Indiana. Country Club was placed into Receivership in 2011 and has benefitted from professional management since February 2012. The acquisition of Country Club presents an opportunity to create value through stabilization of the property. INVESTMENT HIGHLIGHTS VALUE-ADD Significant upside exists in continued lease-up and rehab of down units. All market-ready units at Country Club are leased, comparable market occupancy in Richmond is 91%. Rents at Country Club currently average $0.56 psf, well below the comparable property average of $0.70 psf. Country Club is currently assessed at $5,582,000 - providing an opportunity for an immediate tax appeal upon a sale. LOCATION Richmond, Indiana is located between Dayton and Indianapolis and is home to Reid Hospital, the largest employer in the county. The city also boasts several major universities such as Indiana University East, Ivy Tech, Purdue College of Technology and Earlham College. These higher learning centers combine to educate nearly 9,000 and employ more than 2,000.
Property Address: 953 S 23rd St, Richmond IN 47374
Cost: $3,800,000NOTE: Please contact with Amy Burmeister if you want to get more accurate details about pricing and availability of multi-family property For sale.
multi-family property details
All information about multi-family property For sale that located on 953 S 23rd St, Richmond, IN 47374 was obtained from reliable sources, but we cannot guarantee that all data about pricing, details of the building and property was completed without error or has not been changed without notice or withdrawal without notice. If you want to get complete and actual information, please contact with agents.
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