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3033 South P Street

Elwood IN 46036

25768 sq. ft.
198024 sq. ft.
Multi-Family
Currently for sale - view listing

Overview

Pine Grove Apartments is a 42-unit community located in Elwood, IN, with a desirable mix of 8 two-bed/one-bath, 27 one-bed/one-bath, and 7 studios. The property spans seven single-story buildings totaling 25,768 sq. ft. on a large 4.45-acre lot. Built in 1982, the community is stable with consistent occupancy and tenant-paid electric utilities. With modest updates and rent growth, Pine Grove offers plenty of upside potential alongside reliable day-one income.

Features

25768 sq. ft. floor area
198024 sq. ft. lot size
Multi-Family

Property history for 3033 South P Street

2021
Sold
$1,200,000
12 Oct 2021

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Local market activity for multi families in Elwood

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