Multifamily

Duck Creek Apartments

Listing Price: $2,400,000

Cap Rate
6.81%
Number of Units
45
GRM
7.22
Occupancy
91.59%
Price/Unit
$53,333
Price/Gross SF
$51.82
Gross SF
46,310

Investment Overview

Marcus & Millichap is please to present Duck Creek Apartments in Elwood, IN. Duck Creek has a current mix of (2) efficiency, (2) one bedroom/one bath, (25) two bedroom/two bath, (4) three bedroom/two bath, and (12) four bedroom/two bath units. Units offer private patios, washer/ dryer hookups, dishwasher and storage. Duck Creek Apartments represents an excellent opportunity for an investor to purchase a high quality asset with tremendous upside by increasing rents up to market.

Investment Highlights

  • 2003 Newer Brick Construction
  • Seller Has Completed Qualified Contract
  • Market Rate Tenants Can Move in if Restricted Tenant Moves Out
  • Tremendous Rent Growth Opportunity with Much Higher Market Rate
  • High Historical Occupancy
  • Well Maintained Property

Exclusively Listed By

Listing Price: $2,400,000

Cap Rate
6.81%
Number of Units
45
GRM
7.22
Occupancy
91.59%
Price/Unit
$53,333
Price/Gross SF
$51.82
Gross SF
46,310

Investment Highlights

  • 2003 Newer Brick Construction
  • Seller Has Completed Qualified Contract
  • Market Rate Tenants Can Move in if Restricted Tenant Moves Out
  • Tremendous Rent Growth Opportunity with Much Higher Market Rate
  • High Historical Occupancy
  • Well Maintained Property

Investment Overview

Marcus & Millichap is please to present Duck Creek Apartments in Elwood, IN. Duck Creek has a current mix of (2) efficiency, (2) one bedroom/one bath, (25) two bedroom/two bath, (4) three bedroom/two bath, and (12) four bedroom/two bath units. Units offer private patios, washer/ dryer hookups, dishwasher and storage. Duck Creek Apartments represents an excellent opportunity for an investor to purchase a high quality asset with tremendous upside by increasing rents up to market.

Exclusively Listed By

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