51-Unit Brick Apartment
For Sale
Contact for pricing
390-400 S Jackson Park Drive, Seymour, IN 47274
Two-level complex offering studio and efficiency apartments with all-electric utilities, in-unit appliances, and packaged heating and cooling.
Property SizeContact for details
Days on Market145
Property Features for 390-400 S Jackson Park Drive
General Information
Standard status
Active
Total Parking Spaces
58
Property subtype
Multifamily
Units
Unit Mix
15 x 1BR Studio, 36 x 1BR Efficiency
Multifamily Units
51
Additional Details
Cap Rate
11.06%
Highway Access
Yes
Building Details
Stories
2
Listing Agency:
Millman Realty Partners
(812) 528-3028
Listed By:
Rob Millman · License #IN RB14023230
Source:
Crexi
Added: Apr 10
Changed: Aug 31
Last Checked: Aug 30 at 2:19PM
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 Millman Realty Partners
Investment Insights
Based on property information with market context.
Jackson Manor is a two-level apartment property in Seymour, Indiana, with 51 units comprising 15 one-bedroom studio units and 36 one-bedroom efficiency apartments. The buildings were constructed in 1996 and 2000 and feature brick facades. Each unit is all electric and includes a refrigerator and range, along with a package unit for heating and cooling. The property provides 58 surface parking spaces, and the roofs were replaced in 2017.
The complex is located at 390-400 S. Jackson Park Drive and benefits from access to the regional roadway network serving Seymour, including U.S. Highway 50, U.S. 31, and I-65. Local management is available, and the property is described as having a high occupancy level. The offering includes an 11.06% cap rate and a 10 Year Before Tax IRR over 25.64%.
The complex is located at 390-400 S. Jackson Park Drive and benefits from access to the regional roadway network serving Seymour, including U.S. Highway 50, U.S. 31, and I-65. Local management is available, and the property is described as having a high occupancy level. The offering includes an 11.06% cap rate and a 10 Year Before Tax IRR over 25.64%.
Key Highlights
- 51 units: 15 one‑bedroom studio units and 36 one‑bedroom efficiency apartments
- Two‑level buildings constructed in 1996 and 2000 with brick facades
- 58 total surface parking spaces
Property Analytics
Current Use
Lease Details
51
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
572
Businesses Nearby
Explore this area
Business Placement
Demographics for 47274, IN
33,035
Population
13,590
Households
2.4
Avg Household Size
37
Median Age
21%
College-Educated
88%
High-School Grad
214.7 sq mi
ZIP Area
154
Density / Sq Mi
$72,186
Median Household Income
$44,320
Median Earnings
$956
Median Rent
$187,800
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 - Two-level complex offering studio and efficiency apartments with all-electric utilities, in-unit appliances, and packaged heating and cooling.
Where is this apartment building located?
The property is located at 390-400 S Jackson Park Drive Seymour, IN.
What are key features of this property?
This property features: 51 units: 15 one‑bedroom studio units and 36 one‑bedroom efficiency apartments; Two‑level buildings constructed in 1996 and 2000 with brick facades; 58 total surface parking spaces
