25 Victory Noll Dr Huntington, IN 46750
- Apartment buildings
- 69,450 SF
- 11.10 lot acres
Current Use by Public Records
- Apartment buildings
Property Details for 25 Victory Noll Dr
- Year built
- 1923
- Lot size
- 11.10 lot acres
- Property size
- 69,450 SF
- Property type
- Apartment buildings
Description
This exceptional multifamily investment opportunity presents a rare chance to acquire a 100-unit apartment building in Huntington, Indiana. The property, located at 25 Victory Noll Dr, comprises three buildings situated on an expansive 11.1-acre lot zoned R-1. Originally constructed in 1923, the property underwent partial renovations in 2017. The complex boasts a total of 69,450 square feet, with 40 units having recently undergone renovations. Currently priced at $4,200,000 ($42,000 per unit), this represents a significant price reduction from the previous asking price. The property's Class B designation reflects its solid foundation and potential for further value enhancement. Its prime location within Huntington offers easy access to major transportation routes, diverse dining, local businesses, and recreational facilities. This asset presents an ideal opportunity for investors seeking a special-purpose property or those envisioning redevelopment potential within a thriving community. The property's size and unit count offer substantial scale for investment returns. Financing options may be available. This is a vacant retirement community with significant upside potential.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Huntington
- County
- Huntington
- State
- Indiana
- Longitude
- -85.5213
- Latitude
- 40.8777
