900 North St Logansport, IN 46947
- Apartment buildings
- 14,328 SF
Current Use by Public Records
- Apartment buildings
Property Details for 900 North St
- Year built
- 1913
- Property size
- 14,328 SF
- Property type
- Apartment buildings
Description
This exceptional investment opportunity presents a fully renovated, stabilized multifamily property located at 900 North St, Logansport, Indiana, 46947. The property, built in 1913 and extensively renovated in 2024, boasts 14,328 square feet and features a mix of one-bedroom and studio apartments within a two-story building. The asking price is $1,225,000, offering a compelling 7.98% capitalization rate with a current Net Operating Income (NOI) of $97,795. The 2024 renovation encompassed a complete interior update, including new kitchens, bathrooms, and energy-efficient mini-split HVAC units throughout. Common areas also received upgrades. A shared laundry room in the basement provides added convenience for tenants, equipped with two coin-operated washers and dryers. The basement also includes additional space with potential for conversion into income-generating storage units. The property is zoned R3 and is professionally managed, ensuring a streamlined investment experience. This is a rare opportunity to acquire a high-performing, updated multifamily asset in a stable market. The property's strong cash flow and recent renovations make it an attractive investment for both seasoned and new investors seeking a stable, high-return property.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Logansport
- County
- Cass
- State
- Indiana
- Longitude
- -86.3589
- Latitude
- 40.7567
