900 North St
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900 North St
18 Unit Apartment Building $1,741,950 CAD ($96,775 CAD/Unit) Logansport, IN 46947
Investment Highlights
- Recently rennovated
- Convenient location
- Masonry construction
Executive Summary
The Marquis Group of KW Commercial Lafayette is pleased to present this fully renovated multi family opportunity in Logansport. This property features a mix of 1BR and Studio apartments. The building has received a full interior update in 2024, including kitchens, bathrooms new mini split HVAC units and common areas. There is a shared laundry room in the basement with 2 coin operated washers and dryers. There is additional space in the basement that could be converted to storage for additional income potential.
Financial Summary (Actual - 2023) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$234,971
|
$16.40
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$11,749
|
$0.82
|
| Effective Gross Income |
$223,223
|
$15.58
|
| Taxes |
$11,362
|
$0.79
|
| Operating Expenses |
$46,876
|
$3.27
|
| Total Expenses |
$58,238
|
$4.06
|
| Net Operating Income |
$164,985
|
$11.51
|
Financial Summary (Actual - 2023)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $234,971 |
| Annual Per SF | $16.40 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $11,749 |
| Annual Per SF | $0.82 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $223,223 |
| Annual Per SF | $15.58 |
| Taxes (CAD) | |
|---|---|
| Annual | $11,362 |
| Annual Per SF | $0.79 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $46,876 |
| Annual Per SF | $3.27 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $58,238 |
| Annual Per SF | $4.06 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $164,985 |
| Annual Per SF | $11.51 |
Property Facts
| Price | $1,741,950 CAD | Apartment Style | Mid Rise |
| Price Per Unit | $96,775 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.20 AC |
| No. Units | 18 | Building Size | 14,328 SF |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1913 |
| Price | $1,741,950 CAD |
| Price Per Unit | $96,775 CAD |
| Sale Type | Investment |
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid Rise |
| Building Class | B |
| Lot Size | 0.20 AC |
| Building Size | 14,328 SF |
| No. Stories | 3 |
| Year Built | 1913 |
Unit Amenities
- Air Conditioning
- Double Pane Windows
Site Amenities
- 24 Hour Access
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 3 | - | 600 - 700 |
| Studios | 15 | - | 600 - 700 |
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Walk Score ®
Very Walkable (73)
PROPERTY TAXES
| Parcel Number | 09-17-44-130-022.000-010 | Total Assessment | $556,679 CAD (2022) |
| Land Assessment | $20,205 CAD (2022) | Annual Taxes | $11,362 CAD ($0.79 CAD/SF) |
| Improvements Assessment | $536,474 CAD (2022) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
09-17-44-130-022.000-010
Land Assessment
$20,205 CAD (2022)
Improvements Assessment
$536,474 CAD (2022)
Total Assessment
$556,679 CAD (2022)
Annual Taxes
$11,362 CAD ($0.79 CAD/SF)
Tax Year
2023
zoning
| Zoning Code | R3 (Multifamily) |
| R3 (Multifamily) |
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900 North St
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