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1450 Luther Sq
Evansville, IN 47714
Horizon Homes Apartments · Build-to-Rent Property For Sale
·
148 Units
PROPERTY FACTS
| No. Units | 148 | Property Size | 76,782 sq ft |
| Property Type | Build-to-Rent | Average Occupancy | 97% |
| Property Subtype | Apartment | No. Floors | 1 |
| Apartment Style | Garden | Year Built | 1969 |
| Costar Property Class | C | Parking Allocation | 2.33/1,000 sq ft |
| Total Plot Size | 15.41 ac | ||
| Use Class | R-4 - Residential Multifamily | ||
| No. Units | 148 |
| Property Type | Build-to-Rent |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Costar Property Class | C |
| Total Plot Size | 15.41 ac |
| Property Size | 76,782 sq ft |
| Average Occupancy | 97% |
| No. Floors | 1 |
| Year Built | 1969 |
| Parking Allocation | 2.33/1,000 sq ft |
| Use Class | R-4 - Residential Multifamily |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Disposal
- Refrigerator
- Oven
- Range
- Tub/Shower
- Breakfast Nook
- Patio
SITE AMENITIES
- 24 Hour Access
- Laundry Facilities
- Property Manager on Site
- Rubbish Collection - Kerbside
ABOUT 1450 LUTHER SQ , EVANSVILLE, IN 47714
The Martin Affordable Housing Team is please to present Horizon Homes, a senior community that is reserved for residents 55 years of age and over. Horizon Homes has 148 Low-Income Housing Tax Credit (LIHTC) units with an Extended Use Agreement through 2022. The Property also includes 29 Project Based Section 8 units with a 20 year HAP contract dated May 2012. Horizon Homes was released from the HUD Section 236 program on February 21, 2014. As a result, the property has been executing a rental increase plan which has been increasing the rental rates over the past two years. The apartment occupancy in the area has remained strong for many years and many Horizon Homes tenants have lived at the property for more than 10 years. The property last received a REAC score of 93 and consistently gets above a 90 since the current owner purchased in 1989. It is worth noting that the owner has replaced 100% of the wood siding with vinyl siding on all 43 buildings in 2016. The Principal Broker of SVN | The Martin Group is a General Partner of Horizon Homes Apartments and is also a licensed broker in the state of Indiana. Property tours by appointment only on Wednesdays of each week during F Horizon Homes is located in Evansville, Indiana, the economic hub of a 28 county area in Indiana, Kentucky, and Illinois. The property is located on the growing east side of Evansville near employment centers, shopping areas, and universities. Horizon Homes is within two miles of approximately 50 medical facilities, including being immediately adjacent to HealthSouth Deaconess Rehabilitation Hospital, which offers 100 beds with many amenities. The property is also located within a few blocks of St. Mary's Medical Center, a 508-bed, full service inpatient hospital and campus. St. Mary's Medical Center is one of the largest hospitals in southern Indiana and is apart of a larger statewide St. Vincent health system. Horizon Homes is located on a METS bus route and is located within walking distance of the new Schnucks Grocery and Walgreens Pharmacy. Horizon Homes is located one block west of Green River Road and just one mile south of the Lloyd Expressway, two of Evansvilles primary commercial corridors. It is located approximately one mile from I-69/I-164, which provides easy access to the entire city, as well as the surrounding area.
PROPERTY TAXES
| Parcel Number | 82-06-35-017-125.002-027 | Improvements Assessment | £2,746,014 |
| Land Assessment | £554,001 | Total Assessment | £3,300,015 |
PROPERTY TAXES
