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2727 Middle Rd, Jeffersonville, IN 47130

Commercial property for sale

  • Description
  • PRG Investments is pleased to present French Quarter Apartments in eastern Jeffersonville, IN. This 123-unit multi-family complex is located in a high-demand area less than a mile from the industrial parks of the Port Road corridor in addition to the terminal point for the I-264 bridge under construction across the OH River. The site is some 3 miles to River Ridge Commerce Center, a 6,000-acre light industrial/distribution center including Amazon and Manitowoc as tenants. 3 miles from the Louisville CBD! Yes, transportation and new employment center attributes have given French Quarter's location a fresh perspective. Occupancy historically and currently (85-90%) has excellent value-add potential through rent growth and improved management. Current rents are believed to be $200-$225/unit/month based on nine comps in the immediate (Allison Rd-Middle Rd) area. No common boiler; each unit is all electric with individual HVAC units. Roof is five years old. French Quarter enjoys a park-like setting with ample common green-space, 3 open courtyards between buildings and includes an additional 5.9 acre parcel for future development. Current multifamily fundamentals suggest French Quarter offers the opportunity to capitalize on the record low interest rate environment to produce outstanding leveraged returns. Purchase at a fraction of replacement cost with a market-accepted multifamily complex. Unit Mix: 96 2BR/1.5BA (920-1007SF) 27 1BR/1BA (690SF) 123 Total Building price details: $3,050,000.
  • Property Details
  • Building Name: French Quarter Apartments
    Property Type: Multifamily
    Use Types: Low-Rise/Garden
    Status: Available
    Price: $ 24,797 +/Unit
    Number of Stories: 2
    Year Built: 1973
    MSA: Louisville-Jefferson County
    Zoning: M-2
    Buildings: 8
    Broadband Internet: Cable
    Terms: Cash to Seller
    Added: 11/26/2012
    Last Update: 01/02/2013
  • Exterior Features
  • Parking Type: Surface
  • Contact info
  • 502-365-3840 [Office]
  • Note

  • Details Info about this row that located on 2727 Middle Rd, Jeffersonville, IN 47130 was got from trusty sources, but All Foreclosures Homes can't guarantee that details about listing price, status, facts, images and owner are correct, because this listing can be changed or removed from market without notice. If You need to receive additional details about this property try to ask directly listing agent or owned.

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