900 North StLogansport, IN 46947

Property Details for 900 North St

Year built

1913

Property size (Sq ft)

14,328 SF

Property type

Apartment buildings

Description

This exceptional investment opportunity presents a fully renovated, stabilized multifamily property located at 900 North St, Logansport, Indiana, 46947. The property, built in 1913 and extensively renovated in 2024, boasts 14,328 square feet and features a mix of one-bedroom and studio apartments within a two-story building. The asking price is $1,225,000, offering a compelling 7.98% capitalization rate with a current Net Operating Income (NOI) of $97,795. The 2024 renovation encompassed a complete interior update, including new kitchens, bathrooms, and energy-efficient mini-split HVAC units throughout. Common areas also received upgrades. A shared laundry room in the basement provides added convenience for tenants, equipped with two coin-operated washers and dryers. The basement also includes additional space with potential for conversion into income-generating storage units. The property is zoned R3 and is professionally managed, ensuring a streamlined investment experience. This is a rare opportunity to acquire a high-performing, updated multifamily asset in a stable market. The property's strong cash flow and recent renovations make it an attractive investment for both seasoned and new investors seeking a stable, high-return property.

Location Insight

City

Logansport

County

Cass

State

Indiana

Latitude

40.7567

Longitude

-86.3589

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