119 Lake Ave Plymouth, IN 46563
- Commercial real estate
Current Use by Public Records
- Commercial real estate
Property Details for 119 Lake Ave
- Year built
- 2019
- Property type
- Commercial real estate
Description
Exceptional investment opportunity awaits with the River Gate South Apartments, a 40-unit multifamily property in Plymouth, Indiana. This 2019-built complex comprises three buildings totaling 43,922 square feet of net rentable space, offering spacious one and two-bedroom units with open floor plans. Each unit includes in-unit laundry, modern appliances, and a private balcony boasting stunning views. Residents enjoy a wealth of amenities, including a fitness center, BBQ/picnic area, courtyard, sundeck, and media room. The property is conveniently located on the south bank of the Yellow River, within walking distance of downtown Plymouth's charming shops and businesses. Its proximity to US Highways 30 and 31 ensures easy access to major transportation routes. The pet-friendly buildings are equipped with elevators, adding to their appeal. This property presents a significant value-add opportunity, situated in a thriving area near the Marshall County industrial headquarters hub, offering a pedestrian bridge and park access. The asking price is $5,500,000, representing $137,500 per unit. This is a rare chance to acquire a high-quality, well-maintained multifamily asset in a desirable location.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Plymouth
- County
- Marshall
- State
- Indiana
- Longitude
- -86.3081585
- Latitude
- 41.3391484
