Multifamily
River Gate South Apartments
119 E Lake Ave, Plymouth, IN 46563
Listing Price: $5,450,000
Investment Overview
Marcus & Millichap proudly presents this exceptional investment opportunity in Plymouth, Indiana, the River Gate South Apartments. River Gate South is a 40-unit, mid-rise multifamily community located at 119 E Lake Ave in downtown Plymouth, Indiana. Built in 2019, the property offers a modern, boutique-style product that is highly differentiated from the surrounding housing stock.
Positioned on the south bank of the Yellow River and a bridge crossing away from downtown Plymouth, the asset benefits from a highly desirable location in one of the most walkable pockets in town, supporting consistent tenant demand.
The property features larger unit sizes, in-unit laundry, elevators and high-end amenities like a gym, barbecue/picnic outdoor space, rooftop decks and a media room, all uncommon in the Plymouth market.
River Gate South offers investors the opportunity to acquire a newer, institutional-quality asset in a supply-constrained Midwest market. The combination of modern construction, a walkable downtown riverfront location, and limited competitive inventory supports long-term stability and rent growth.
Investment Highlights
- 2019 Construction
- Spacious One, Two, and Three-Bedroom Units
- Best in Market Amenities, Private Balconies, and In-Unit Laundry
- Over Seven Percent Cap Rate Day One with Significant Upside Through Operational Efficiencies and Maximizing Rents Supported by Comps
Listing Price: $5,450,000
Investment Highlights
- 2019 Construction
- Spacious One, Two, and Three-Bedroom Units
- Best in Market Amenities, Private Balconies, and In-Unit Laundry
- Over Seven Percent Cap Rate Day One with Significant Upside Through Operational Efficiencies and Maximizing Rents Supported by Comps
Investment Overview
Marcus & Millichap proudly presents this exceptional investment opportunity in Plymouth, Indiana, the River Gate South Apartments. River Gate South is a 40-unit, mid-rise multifamily community located at 119 E Lake Ave in downtown Plymouth, Indiana. Built in 2019, the property offers a modern, boutique-style product that is highly differentiated from the surrounding housing stock. Positioned on the south bank of the Yellow River and a bridge crossing away from downtown Plymouth, the asset benefits from a highly desirable location in one of the most walkable pockets in town, supporting consistent tenant demand. The property features larger unit sizes, in-unit laundry, elevators and high-end amenities like a gym, barbecue/picnic outdoor space, rooftop decks and a media room, all uncommon in the Plymouth market. River Gate South offers investors the opportunity to acquire a newer, institutional-quality asset in a supply-constrained Midwest market. The combination of modern construction, a walkable downtown riverfront location, and limited competitive inventory supports long-term stability and rent growth.