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1320 Knoll Crest Dr Kendallville, IN 46755

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For Sale
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74-unit multifamily property for sale in Kendallville, Indiana.

Property size:
63,900 SF
Lot size:
8.14 Acres

Property Features for 1320 Knoll Crest Dr

General Information

Standard status
Active
Zoning
AR
Size
63,900 SF
Lot size
8.14 Acres

Building Details

Year built
1990

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Listing Contact
Neal Bowman
Neal Bowman
Source: Crexi

Listing Agency: Sturges Property Group Listing Agent: Neal Bowman

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

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Overview

Kendallville Age-Restricted Apartment Community

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.
Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

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

Location Insight

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  • Local Demand
City
Kendallville
County
Noble
State
Indiana
Longitude
-85.2489757
Latitude
41.4481278

FAQs

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 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.
More about this property
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