101 W Washington ST new Save Request In-Person Tour Request Virtual Tour
Thorntown,IN 46071
Key Details
Property Type Commercial
Sub Type Multi-Family 5+
Listing Status Active
Purchase Type For Sale
Square Footage 3,300 sqft
Price per Sqft $174
MLS Listing ID 22047381
Year Built 1972
Tax Year 2024
Lot Size 10,018 Sqft
Property Sub-Type Multi-Family 5+
Property Description
Ellsbury Group is excited to offer Thorntown Village Apartments, a compelling value-add investment opportunity located in the thriving Boone County, Indiana market. Boone County is experiencing robust market growth, evidenced by a 13% increase in median sales prices year-over-year. The multifamily rental market, especially in nearby areas like Zionsville, Whitestown, and Lebanon, shows strong demand and increasing rental rates. Currently, 2-bedroom apartments in the region command average rents of $1,135 - $2,695, signaling significant upside potential for this property. This opportunity is further bolstered by the LEAP Project, Indiana's ambitious initiative to become a leader in advanced industries. The LEAP Project, while large-scale, promises significant economic growth and job creation within Boone County, driving long-term demand for housing. To ensure minimal disruption for current tenants, property tours will be conducted once a month, with only one unit shown until the property is under contract. See Leap Lebanon
Location
State IN
County Boone
Zoning MultiFamily 4-19
Interior
Heating Electric,Baseboard
Cooling Wall Unit(s)
Exterior
Utilities Available Electricity Connected,Sewer Connected,Water Connected
Building
Story One
Structure Type Brick
New Construction false
Schools
School District Western Boone Co Com Sch Dist