Property summary
This exceptional investment opportunity presents a 32-unit apartment building situated on a 9-acre lot in Kokomo, Indiana. The property, known as Countryside Villas, boasts a total of 23,501 square feet and was constructed in 1976. Currently operating at 84% occupancy, this two-story building offers a compelling cap rate of 8.33% and an asking price of $2,400,000, translating to $75,000 per unit and $102.12 per square foot. The property's location offers convenient access to US 31 and the… Kokomo Bypass (931), providing easy commutes to Indianapolis (approximately 40 minutes away). The existing rental history demonstrates stable income, presenting a strong foundation for future growth. The expansive lot size presents significant potential for expansion, allowing a savvy investor to add additional units and further enhance the property's value. While some minor improvements could elevate the property's appeal, its current condition makes it an easily manageable and profitable investment. This multifamily property represents a rare opportunity to acquire a well-positioned asset in a growing market, offering both immediate income and substantial long-term potential. The property is located at 2171 County Rd S 300 E, Kokomo, IN 46902.
Ownership intelligence
Resolved identity, portfolio, hold profile and investor signals. Included in the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax
No data for this sectionNo tax or assessment record is on file for this parcel in the county feed.
Value estimate
· Sep 2026No data for this sectionNo value estimate could be modeled: the record carries too little market input for this parcel.
Recently sold
No data for this sectionNo cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
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The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
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