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Maple Springs 390 S Jackson Park Dr

50 Unit Block of Flats £3,041,538 (£60,831/Unit) 7.45% Net Initial Yield Seymour, IN 47274

Investment Highlights

  • Pro Forma 8.63% CAP rate and 13.61% Cash-on-Cash
  • All Brick Exterior Built in 1990 with Uniform Floor Plans
  • 1.4% Submarket Vacancy – High Demand for Market Rate Housing

Financial Summary (Actual - 2023) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income $99,999 $9.99
Vacancy Loss $99,999 $9.99
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Actual - 2023) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual $99,999
Annual Per SF $9.99
Vacancy Loss
Annual $99,999
Annual Per SF $9.99
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual $99,999
Annual Per SF $9.99
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts

Price £3,041,538 Apartment Style Low Rise
Price Per Unit £60,831 Building Class C
Sale Type Investment Lot Size 0.73 AC
Net Initial Yield 7.45% Building Size 26,712 SF
Gross Rent Multiplier 7.17 Average Occupancy 90%
No. Units 50 Number of Floors 2
Property Type Residential Year Built 1990
Property Subtype Apartment Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Price £3,041,538
Price Per Unit £60,831
Sale Type Investment
Net Initial Yield 7.45%
Gross Rent Multiplier 7.17
No. Units 50
Property Type Residential
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.73 AC
Building Size 26,712 SF
Average Occupancy 90%
Number of Floors 2
Year Built 1990
Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Unit Amenities

  • Air Conditioning
  • Cable Ready
  • Dishwasher
  • Disposal
  • Washer/Dryer Hookup
  • Heating
  • Ceiling Fans
  • Tile Floors
  • Kitchen
  • High Speed Internet Access
  • Ice Maker
  • Refrigerator
  • Oven
  • Range
  • Tub/Shower
  • Walk-In Closets
  • Carpet
  • Handrails
  • Trash Compactor
  • Vinyl Flooring
  • Warming Drawer
  • Wheelchair Accessible (Rooms)
  • Window Coverings
  • Large Bedrooms

Site Amenities

  • 24 Hour Access
  • Controlled Access
  • Laundry Facilities
  • Picnic Area
  • Property Manager on Site
  • Tenant Controlled HVAC
  • Grill
  • Laundry Service
  • Renters Insurance Program
  • Hearing Impaired Accessible
  • Maintenance on site
  • Online Services
  • Vision Impaired Accessible
  • Individual Locking Bedrooms
  • Private Bathroom

Unit Mix Information

Description No. Units Avg. Rent.Mo SF
Studios 13 £651.76 432
1+1 36 £750.51 550
2+2 1 £1,185 864

Links

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PROPERTY TAXES

Parcel Number 36-66-17-401-004.000-009 Total Assessment £783,793
Land Assessment £72,036 Annual Taxes -£1 (£0.00/sf)
Improvements Assessment £711,757 Tax Year 2023

PROPERTY TAXES

Parcel Number
36-66-17-401-004.000-009
Land Assessment
£72,036
Improvements Assessment
£711,757
Total Assessment
£783,793
Annual Taxes
-£1 (£0.00/sf)
Tax Year
2023
(317) 218-5355

  • Listing ID: 32824146

  • Date on Market: 15/08/2024

  • Last Updated:

  • Address: 390 S Jackson Park Dr, Seymour, IN 47274

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© 2024 CoStar Group

Maple Springs | 390 S Jackson Park Dr
(317) 218-5355 x

Maple Springs | 390 S Jackson Park Dr

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Anthony Rogers

(317) 218-5355

(317) 218-5355

Aaron Kuroiwa

(317) 218-5330

(317) 218-5330

Sam Kramer

(317) 218-5356

(317) 218-5356

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