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Multifamily

11 W Indiana Ave

11 W Indiana Ave, Hamlet, IN 46532

Listing Price: $735,000

Cap Rate
8.12%
Number of Units
13
GRM
6.84
Occupancy
95.0%
Price/Unit
$56,538
Price/Gross SF
$94.84
Gross SF
7,750

Investment Overview

Marcus & Millichap is pleased to present a 13-unit apartment property located at 11
West Indiana Street in Hamlet, Indiana. The subject property is located
approximately two miles east of U.S. Highway 35 and approximately one-half mile
South of U.S Highway 30. Additionally, the Conrail line between Chicago and Fort
Wayne runs through the town.
This single-story, mainly brick apartment building consists of one small studio
(approximately 250 square feet), one large studio (approximately 690 square feet),
six one-bedroom / one-bathroom units (approximately 560 square feet), and five
two-bedroom / one-bathroom units (approximately 690 square feet). Select units
feature upgraded finishes. The property features a rebuilt boiler, newer roof, and
20 brand new 10’x20’ storage units.

Investment Highlights

  • Located in Hamlet, Indiana
  • Select Unit Renovations
  • Recent Capital Improvements
  • On-Site Income-Generating Storage Units and Laundry

Exclusively Listed By

  • Eric P. Bell

    Executive Managing Director Investments

    (630) 570-2157

    Email Eric

    License(s): IL: 475.144220

    Chicago Oak Brook

  • Jordan Callaway

    First Vice President Investments

    (630) 570-2156

    Email Jordan

    License(s): KY: 71434, IL: 471.020981

    Chicago Oak Brook

Broker of Record

  • Josh Caruana

    First Vice President/District Manager

    (317) 218-5300

    License(s) IN: RB14034355

    Indiana

Financing By

Multifamily

11 W Indiana Ave

Listing Price: $735,000

Cap Rate
8.12%
Number of Units
13
GRM
6.84
Occupancy
95.0%
Price/Unit
$56,538
Price/Gross SF
$94.84
Gross SF
7,750

Investment Highlights

  • Located in Hamlet, Indiana
  • Select Unit Renovations
  • Recent Capital Improvements
  • On-Site Income-Generating Storage Units and Laundry

Investment Overview

Marcus & Millichap is pleased to present a 13-unit apartment property located at 11 West Indiana Street in Hamlet, Indiana. The subject property is located approximately two miles east of U.S. Highway 35 and approximately one-half mile South of U.S Highway 30. Additionally, the Conrail line between Chicago and Fort Wayne runs through the town. This single-story, mainly brick apartment building consists of one small studio (approximately 250 square feet), one large studio (approximately 690 square feet), six one-bedroom / one-bathroom units (approximately 560 square feet), and five two-bedroom / one-bathroom units (approximately 690 square feet). Select units feature upgraded finishes. The property features a rebuilt boiler, newer roof, and 20 brand new 10’x20’ storage units.

Exclusively Listed By

  • Eric P. Bell

    Executive Managing Director Investments

    (630) 570-2157

    Email Eric

    License(s): IL: 475.144220

    Chicago Oak Brook

  • Jordan Callaway

    First Vice President Investments

    (630) 570-2156

    Email Jordan

    License(s): KY: 71434, IL: 471.020981

    Chicago Oak Brook

Broker of Record

  • Josh Caruana

    First Vice President/District Manager

    (317) 218-5300

    License(s): IN: RB14034355

    Indiana

Financing By

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