Michael H. Wernke Principal / Managing Broker [email protected] www.XMarkMidwest.com 829 Main Street Indianapolis, IN 46220 O: 317 756 9895 C: 773 294 6349 PROPERTY HIGHLIGHTS • Great unit mix for seniors with mostly one-bedroom units • Unique floor plans, 12-foot high ceilings, exposed brick walls and nicely equipped kitchen including microwave • Fitness center, laundry, library, elevator and controlled access • Located in the heart of the historic Depot District of Richmond, IN BUILT IN 1910 AND RENOVATED IN 2000, THE ATLAS SENIOR APARTMENTS OFFERS VINTAGE CHARM WITH CLASSIC NEW YORK STYLE LOFT APARTMENTS. Atlas Senior Apartments Richmond, IN 67 Units $ Price Contact Broker % 7.20% Proforma CAP Rate
Welcome message from author
This document is posted to help you gain knowledge. Please leave a comment to let me know what you think about it! Share it to your friends and learn new things together.
Transcript
Michael H. WernkePrincipal / Managing Broker
829 Main StreetIndianapolis, IN 46220O: 317 756 9895C: 773 294 6349
PROPERTY HIGHLIGHTS
• Great unit mix for seniors with mostly one-bedroom units
• Unique floor plans, 12-foot high ceilings, exposed brick walls and nicely equipped kitchen including microwave
• Fitness center, laundry, library, elevator and controlled access
• Located in the heart of the historic Depot District of Richmond, IN
BUILT IN 1910 AND RENOVATED IN 2000, THE ATLAS SENIOR APARTMENTS OFFERS VINTAGE CHARM WITH CLASSIC NEW YORK STYLE LOFT APARTMENTS.
Atlas Senior ApartmentsRichmond, IN
67 Units
$Price
Contact Broker
%7.20%
Proforma CAP Rate
Michael H. WernkePrincipal & Managing Broker
829 Main StreetIndianapolis, IN 46220
O: 317 756 9895C: 773 294 6349
Built in 1910, THE ATLAS APARTMENTS is a 67-unit senior housing community located in Richmond, Indiana. The property is situated on 1.066± acres encompassing a net rentable area of 49,725 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.
Address 401 N 10th Street, Richmond, IN
Number of Units 67
Number of Buildings 1
Number of Stories 4+ lower level
Year Built 1910 | Renovated 2000
Rentable Square Feet 49,725
Lot Size 1.066±
Section 42 LIHTC - ElderlyInitial TCCP ended: 2015
Final year of LIHTC restrictions: 2040
PROPERTY DETAILS
Unit TypeNo. ofUnits
AverageSize (SF)
AskingRent Rent/SF
1/1 60 722 $501 $0.69
2/1 7 915 $700 $0.77
UNIT MIX
RICHMOND
LOCATIONRichmond, Indiana is located 73± miles, or about an hour and fifteen minutes, to the east of Indianapolis, along the Indiana - Ohio border.
More specifically, the Atlas Apartments are located several blocks north of US 40 and to the east of N. 9th Street, between N. East Street and ND Street, in the heart of the historic Depot District of Richmond.
Related Documents
