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Atlas Apartments 401 N 10th St

67 Unit Block of Flats For Sale Richmond, IN 47374

Investment Highlights

  • Built in 1910, The Atlas Apartments offers vintage charm with classic New York style loft apartments
  • Unique floor plans, 12-foot high ceilings, exposed brick walls and nicely equipped kitchen including microwave, and more
  • Located in the heart of the historic Depot District of Richmond, IN
  • Great unit mix with mostly one-bedroom units
  • Fitness center, laundry, library, elevator and controlled access

Executive Summary

Built in 1910 and renovated in 2000, The Atlas Apartments is a 67-unit multifamily community located in Richmond, Indiana. The property is situated on 1.066± acres encompassing a net rentable area of 49,340 square feet. The property consists of a four-story, and a lower level, building with a brick exterior.
The Atlas Apartments offer a unit mix of 60 one-bedroom units that are approximately 715 square feet and 7 two-bedroom units measuring approximately 920 square feet, with an overall average unit size of 736 square feet. Community amenities at this pet-friendly property include: Controlled Access, Elevator, Fitness Center, On-Site Laundry, Ample Parking, and a Library. The unit amenities include: Nicely Equipped Kitchen including a Microwave, 12 Foot High Ceilings, Ceiling Fan, and Air Conditioning.

Property Facts

Sale Type Investment
No. Units 67
Property Type Residential
Property Subtype Apartment
Apartment Style Mid Rise
Building Class C
Lot Size 1.21 AC
Building Size 49,725 SF
Number of Floors 4
Year Built 1910
Parking Ratio 0.45/1,000 SF
Opportunity Zone Yes

Unit Amenities

  • Air Conditioning
  • Cable Ready
  • Disposal
  • Microwave
  • Ceiling Fans
  • High Speed Internet Access
  • Refrigerator
  • Satellite TV
  • Range
  • Tub/Shower
  • Carpet

Site Amenities

  • Business Centre
  • Controlled Access
  • Fitness Centre
  • Laundry Facilities
  • Laundry Service
  • Lift
  • Online Services

Unit Mix Information

Description No. Units Avg. Rent.Mo SF
1+1 60 - 722 - 895
2+1 7 - 890
Walk Score ®
Very Walkable (75)
Bike Score ®
Very Bikeable (72)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 89-16-33-310-206.000-030
  • 89-16-33-310-203.000-030
Land Assessment
£28,404
Improvements Assessment
£1,304,059
Total Assessment
£1,332,463

zoning

Zoning Code M-2 (Multifamily)
M-2 (Multifamily)
  • Listing ID: 33519239

  • Date on Market: 15/10/2024

  • Last Updated:

  • Address: 401 N 10th St, Richmond, IN 47374

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