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2100 Westlane Rd
Indianapolis, IN 46260
The Meridian North · Multifamily Property For Sale
·
478 Units
Property Facts
| No. Units | 478 | Building Size | 414,697 SF |
| Property Type | Multifamily | Average Occupancy | 92% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built/Renovated | 1968/2019 |
| Building Class | B | Parking Ratio | 2.51/1,000 SF |
| Lot Size | 53.60 AC | ||
| Zoning | D6 | ||
| No. Units | 478 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 53.60 AC |
| Building Size | 414,697 SF |
| Average Occupancy | 92% |
| No. Stories | 2 |
| Year Built/Renovated | 1968/2019 |
| Parking Ratio | 2.51/1,000 SF |
| Zoning | D6 |
Amenities
Unit Amenities
- Cable Ready
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer
- Heating
- Ceiling Fans
- Tile Floors
- Kitchen
- Refrigerator
- Range
- Tub/Shower
- Walk-In Closets
- Carpet
- Wi-Fi
- Yard
- Dining Room
- Vinyl Flooring
- Window Coverings
Site Amenities
- Clubhouse
- Laundry Facilities
- Playground
- Property Manager on Site
- Package Service
- Volleyball Court
- Maintenance on site
- Sundeck
About 2100 WESTLANE RD , INDIANAPOLIS, IN 46260
Viewpointe on Westlane is a 478-unit apartment community located on Indianapolis’ popular north side. The community was built from 1968-1971 and sits on approximately 54 acres on the north side of busy 71st Street (also known as Westlane Road in the area of the property). The community offers a mix of 185 one-bedroom flats (in two floor plans); 191 two-bedroom flats (in two floor plans); 52 two-bedroom townhomes (in two floor plans); and 50 three-bedroom townhomes. Building exteriors are brick and vinyl siding. Roofs are pitched “saltbox” style with composite shingles. Community amenities include a swimming pool and sundeck, a clubhouse/office, a picnic area and laundry facilities. Unit features vary by unit type but include attractive floor plans, private patios or balconies, ample closets, washer/dryer connections and well-equipped kitchens including dishwasher and disposal. Because of its location near the very affluent and popular residential areas known as Meridian Hills and Williams Creek, the property offers the opportunity to an investor to increase revenue significantly through capital investment, including upgrades of unit interiors and the addition or enhancement of community amenities. The property may be purchased individually or in conjunction with one or more of three additional properties being offered by the same seller. The four property, 1,427-unit portfolio includes Villas at Meridian Hills, Viewpointe on Westlane, Flats at Meridian Hills and Crossings at 5810. Villas at Meridian Hills, Viewpointe on Westlane and Flats at Meridian Hills are adjacent to one other.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 185 | $494.00 | 698 |
| 2+1 | 191 | $593.50 | 800 - 907 |
| 2+2 | 52 | $739.00 | 960 - 1,400 |
| 3+2 | 50 | $809.00 | 1,300 |
Property Taxes
| Parcel Numbers | Improvements Assessment | $10,190,500 | |
| Land Assessment | $2,829,500 | Total Assessment | $13,020,000 |
Property Taxes
