Woodbridge Place Apartments are comprised of 192 units, consisting of 13 two-story residential buildings plus a clubhouse/office. There is a total of 160,800 rentable square feet and the property is situated on 15.5 acres. The unit mix consists of 96 one-bedroom/one-bath units; 80 two-bedroom/two-bath units; and 16 three-bedroom/two-bath units. The community offers an attractive unit amenity package including full kitchens with stove, range and energy efficient appliances, private patios and balconies, large walk-in closets, central heat and air, kitchen pantry and washer/dryer connections in the two- and three-bedroom units. Residents also enjoy the benefits of a pool, two stocked fishing ponds, laundry facilities, courtyard with gazebo, a luxurious clubhouse and within walking distance to major shopping, banks, schools and Ivy Tech. Many recent capital improvements have been completed, including all new balconies throughout the entire property. The current owners take pride in their service to their tenants and the beautification of the property. Woodbridge Place Apartments represent a tremendous opportunity for an investor to capitalize on Evansville' s stable apartment market.
Woodbridge Place is situated on the west side of Evansville, and is conveniently located near the University of Southern Indiana, shopping, entertainment, dining, and nearby area parks. Travel throughout the area is easy with convenient access to the bus line near the community office.
Evansville s economy continues to grow and prosper. The increased demand for apartments has been driven by the expansion of jobs, and the completion of Interstate I-69. As the market continues to gain favor from new businesses locating in Evansville, the demand for apartments will continue to create rent growth opportunities.
