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    513 N Gardner St Scottsburg, IN 47170

    For Sale
    $925,000

    Fully leased, renovated 10-unit apartment complex in Scottsburg, Indiana.

    Property size:
    4,531 SF
    Lot size:
    0.44 Acres

    Property Features for 513 N Gardner St

    General Information

    Size
    4,531 SF
    Lot size
    0.44 Acres

    Source: EXP Realty Agent William Andes

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Renovated Apartment Complex Investment Opportunity

    This 10-unit apartment complex in Scottsburg presents an investment opportunity. The property is fully leased and cash flowing. Located on the corner of N Gardner Street and Lakeshore Drive, this multifamily property has undergone renovations throughout the units, providing modernized interiors. Each unit has been updated to enhance comfort and functionality. The property layout is efficient and accessible, with ample parking available for residents and guests. The complex is within walking distance of Lake Lola Park, providing access to paved walking trails. It is also minutes from downtown Scottsburg, offering access to dining, shopping, local businesses, and community amenities. With access to I-65, residents benefit from an easy commute to nearby employment hubs. The property size is 4,531 square feet.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Scottsburg
    County
    Scott
    State
    Indiana
    Longitude
    -85.779776
    Latitude
    38.692773

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    FAQs

    What type of property is this?
    Apartment building - Fully leased, renovated 10-unit apartment complex in Scottsburg, Indiana.
    Where is this apartment building located?
    The property is located at 513 N Gardner St Scottsburg, IN.
    What is the asking price?
    The asking price for this property is $925,000.
    What are key features of this property?
    This property features: - Fully leased 10-unit apartment complex offering immediate returns.; - Prime location on a high-visibility corner near Lake Lola Park and downtown Scottsburg.; - Recently renovated units with modernized interiors appealing to renters.
    (502) 322-2110
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    513 N Gardner St Scottsburg, IN 47170
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