Mid-Rise Multifamily Apartment
For Sale
$5,450,000
119 E Lake Ave, Plymouth, IN 46563
River Gate South Apartments is a 40-unit, mid-rise community built in 2019 with in-unit laundry and on-site amenities.
Property Size50,510 SF
Days on Market89
Property Features for 119 E Lake Ave
General Information
Standard status
Active
Size
50,510 SF
Property subtype
Multifamily
Amenities
2019 Construction
Spacious One, Two, and Three-Bedroom Units
Best in Market Amenities, Private Balconies, and In-Unit Laundry
Over Seven Percent Cap Rate Day One with Significant Upside Through Operational Efficiencies and Maximizing Rents Supported by Comps
Building Details
Building Size
50,510 SF
Units
40
Listing Agency:
Marcus & Millichap - Chicago Downtown
(312) 624-7007
Listed By:
Quentin Benedetto · License #License(s): IL: 475.200479
(312) 624-7007
Source:
Marcusmillichap
Added: May 14
Changed: Aug 8
Last Checked: Aug 9 at 4:29AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Chicago Downtown
Investment Insights
Based on property information with market context.
River Gate South Apartments is a 40-unit, mid-rise multifamily community built in 2019. The property is described as a modern, boutique-style product and includes in-unit laundry, elevators, and a package of amenities such as a gym, barbecue/picnic outdoor space, rooftop decks, and a media room.
The building is located at 119 E Lake Ave in downtown Plymouth, Indiana, positioned on the south bank of the Yellow River. The public remarks also note proximity to a bridge crossing away from downtown Plymouth.
As a newer institutional-quality apartment community, River Gate South is offered for sale as an investment property.
The building is located at 119 E Lake Ave in downtown Plymouth, Indiana, positioned on the south bank of the Yellow River. The public remarks also note proximity to a bridge crossing away from downtown Plymouth.
As a newer institutional-quality apartment community, River Gate South is offered for sale as an investment property.
Key Highlights
- 40‑unit mid‑rise apartment community at 119 E Lake Ave in downtown Plymouth, Indiana
- Built in 2019, offering a newer multifamily asset
- In‑unit laundry included across the community
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
619
Businesses Nearby
Explore this area
Business Placement
Demographics for 46563, IN
22,977
Population
10,031
Households
2.3
Avg Household Size
41
Median Age
21%
College-Educated
88%
High-School Grad
153.1 sq mi
ZIP Area
150
Density / Sq Mi
$69,205
Median Household Income
$42,119
Median Earnings
$952
Median Rent
$179,800
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Apartment building - River Gate South Apartments is a 40-unit, mid-rise community built in 2019 with in-unit laundry and on-site amenities.
Where is this apartment building located?
The property is located at 119 E Lake Ave Plymouth, IN.
What is the asking price?
The asking price for this property is $5,450,000.
What are key features of this property?
This property features: 40‑unit mid‑rise apartment community at 119 E Lake Ave in downtown Plymouth, Indiana; Built in 2019, offering a newer multifamily asset; In‑unit laundry included across the community
