Kendallville Age-Restricted Apartment
1320 Knoll Crest Dr., Kendallville, IN 46755
For Sale
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74-unit multifamily property for sale in Kendallville, Indiana.
Property Size63,900 SF
Price / SF$146.32
Days on Market256
Property Features for 1320 Knoll Crest Dr.
General Information
Standard status
Size
Property subtype
Zoning
Occupancy
Building Details
Year Built
Year Renovated
Units
Listing Agency:
Sturges Property Group
Listed By:
Neal Bowman · License IN RB14026402
(260) 424-8448
Source:
Crexi
Added: Mar 4
Changed: Oct 26
Last Checked: Nov 12 at 7:47AM
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
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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
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Current Use
Location Intelligence
Trade Area within ½ mile
186
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Midwest region
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.
