1030 Wayne St Angola, IN 46703
- Commercial real estate
- 0.90 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 1030 Wayne St
- Year built
- 2024
- Lot size
- 0.90 lot acres
- Property type
- Commercial real estate
Description
This exceptional new construction eight-unit apartment building, slated for completion in 2025, presents a lucrative investment opportunity in Angola, Indiana. Located at 1030 S Wayne Street, this property sits on a 0.9-acre lot and offers a projected annual income exceeding $220,800, resulting in a cap rate of nearly 10%. Each unit boasts a spacious 953 square feet, featuring two bedrooms, one bathroom, and high-end finishes including a fireplace. Residents will enjoy private patios or balconies, and a shared outdoor common area provides additional living space. The building's prime location is ideal for Trine University graduate students, hospital personnel, and corporate professionals seeking convenient and upscale housing. The property benefits from a builder's warranty, minimizing maintenance concerns for the owner. This is a low-maintenance, high-return investment poised for immediate success upon completion. The building's modern design and desirable amenities are expected to attract high-quality tenants, ensuring consistent occupancy and strong cash flow. This is a rare opportunity to acquire a brand-new, income-producing property with significant potential for long-term growth and appreciation. Don't miss this chance to own a piece of Angola's thriving real estate market.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Angola
- County
- Steuben
- State
- Indiana
- Longitude
- -84.9994
- Latitude
- 41.6249
