Kendallville Age-Restricted Apartment
For Sale
Contact for pricing
1320 Knoll Crest Dr., Kendallville, IN 46755
74-unit multifamily property for sale in Kendallville, Indiana.
Property Size63,900 SF
Price / SF$146.32
Days on Market160
Property Features for 1320 Knoll Crest Dr.
General Information
Standard status
Active
Size
63,900 SF
Property subtype
Multifamily
Zoning
AR
Occupancy
100%
Building Details
Year Built
1990
Year Renovated
2002
Units
74
Listing Agency:
Sturges Property Group
(260) 424-8448
Listed By:
Neal Bowman · License #IN RB14026402
Source:
Crexi
Added: Mar 4
Changed: Aug 8
Last Checked: Aug 9 at 1:49PM
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 Sturges Property Group
Investment Insights
Based on property information with market context.
The Kendallville Apartment Community, located at 1320 Knoll Crest Drive in Kendallville, Indiana, is a 74-unit age-restricted (55+) multifamily property. The community offers a mix of one- and two-bedroom floor plans, with a majority of units featuring front-facing garages. In-unit laundry is included in every unit. Tenants are separately metered for utilities, limiting landlord expense exposure. The landlord provides water and sewer service. The property size is 63900 square feet. This stabilized asset in a strong Northeast Indiana rental market offers investors the opportunity for future rental rate growth.
Key Highlights
- Stabilized 74‑unit multifamily asset offering immediate and reliable cash flow.
- Age‑restricted (55+) community.
- 6.57% cap rate.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
170
Businesses Nearby
Explore this area
Business Placement
Demographics for 46755, IN
15,721
Population
6,857
Households
2.3
Avg Household Size
40
Median Age
17%
College-Educated
85%
High-School Grad
74.9 sq mi
ZIP Area
210
Density / Sq Mi
$66,034
Median Household Income
$41,567
Median Earnings
$722
Median Rent
$160,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - 74-unit multifamily property for sale in Kendallville, Indiana.
Where is this apartment building located?
The property is located at 1320 Knoll Crest Dr. Kendallville, IN.
What is the asking price?
The asking price for this property is $9,350,000.
What are key features of this property?
This property features: Stabilized 74‑unit multifamily asset offering immediate and reliable cash flow.; Age‑restricted (55+) community.; 6.57% cap rate.
