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Michael H. WernkePrincipal / Managing Broker
829 Main StreetIndianapolis, IN 46220O: 317 756 9895C: 773 294 6349
This offering is for two multifamily properties, with a total of 38 units, located in Peru, Indiana.
Located at 17-33 Jean Avenue, Peru, Indiana, Nickel Place Apartments is a 24 unit apartment community which was built between 1974 and 1977. This property consists of three two-story buildings with a total of 19,200 rentable square feet. There are eight two bedroom apartment units in each building and each unit is approximately 800 square feet.
Located at 25 S. Benton Street, Peru, Indiana, Lincoln School Apartments was built in 1928 and as its name suggests, is a former school. This property consists of one building with 14 one-bedroom units.
Together, Nickel Place and Lincoln School Apartments offer a total of 38 units.
38 Units
%
$Price
Nickel Place & Lincoln School ApartmentsPeru, IN / 38 Units
Contact Broker
8.71% CAP Rate
Michael H. WernkePrincipal & Managing Broker
829 Main StreetIndianapolis, IN 46220
O: 317 756 9895 | C: 773 294 [email protected]
www.XMarkMidwest.com
LOCATIONPeru, Indiana is a charming community located approximately 70 miles north of Indianapolis in the North Central portion of Indiana. A city in, and the county seat of Miami county, Peru is rich in history and breathtaking scenery.In addition, Peru is North Central Indiana’s optimal location offering a diverse economic base, low cost of living, quality of life, and location in the heart of the Midwest.
NICKEL PLACE APARTMENTS
Peru
PROPERTY DETAILS
Unit Type
No. ofUnits
AverageSize (SF)
AskingRent Rent/SF
1/1 14 650 $532 $0.822/1 24 800 $553 $0.69
UNIT MIX
NICKEL PLACE HORACE MANNAddress 17-33 Jean Avenue,
Peru, IN 4697025 S. Benton Street,
Peru, IN 46970Number of Units 24 14Numbers of Buildings 3 1Rentable Square Feet 19,200 N/ALot Size 1.653± 1.03±Construction Brick Masonry
Exterior Siding Brick MasonryRoof Composit Shingles N/AFoundation Concrete Slab N/A
LINCOLN SCHOOL APARTMENTS
