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6349 N College Ave
Indianapolis, IN 46220
The Coil · Multifamily Property For Sale
·
151 Units
PROPERTY FACTS
| No. Units | 151 | Building Size | 336,525 SF |
| Property Type | Multifamily | Average Occupancy | 96% |
| Property Subtype | Apartment | No. Stories | 5 |
| Apartment Style | Mid-Rise | Year Built | 2017 |
| Building Class | A | Parking Ratio | 1.32/1,000 SF |
| Lot Size | 2.43 AC | Cross Streets | Carrollton Ave |
| Zoning | C - Commercial | ||
| No. Units | 151 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | A |
| Lot Size | 2.43 AC |
| Building Size | 336,525 SF |
| Average Occupancy | 96% |
| No. Stories | 5 |
| Year Built | 2017 |
| Parking Ratio | 1.32/1,000 SF |
| Cross Streets | Carrollton Ave |
| Zoning | C - Commercial |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer
- Ceiling Fans
- Kitchen
- Granite Countertops
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Views
- Walk-In Closets
- Wi-Fi
- Grill
- Patio
- Wheelchair Accessible (Rooms)
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Concierge
- Courtyard
- Fitness Center
- Property Manager on Site
- Gated
- On-Site Retail
- Package Service
- Smoke Free
- Wi-Fi
- Elevator
ABOUT 6349 N COLLEGE AVE , INDIANAPOLIS, IN 46220
After a decades-long development hiatus, Broad Ripple, Indianapolis, has excitedly embraced Indy’s most captivating mixed-use development. The Coil Apartments and Fresh Thyme Farmers Market are an integral addition to a submarket with extremely attractive demographics — highly educated, high-earning residents. Current residency boasts an average age of 38 years and a powerful average income of $100,000 with an average credit score of 726. The asset’s prestige even allures out of state residents to enjoy the benefits of a growing job market and economy in central Indiana. The Coil is commanding some of the highest rents in the market. Adjacent to the Indiana Central Canal, in the heart of Broad Ripple Village, The Coil is walking distance from the myriad shops and restaurants in the Village. The convenient location on College Avenue also grants residents direct access to downtown Indianapolis and the Carmel business corridor. In addition to boasting 151 luxury apartments, the asset includes a 33,500-square-foot flagship Fresh Thyme Farmers Market with a long-term lease, backed by Meijer credit. This is a rare amenity for renters in Indianapolis. Discerning residents have limited options in an urban-suburban setting and will continue to thrive in this asset for many years to come.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 38 | - | 519 - 704 |
| 1+1 | 89 | - | 740 - 1,084 |
| 2+2 | 24 | - | 1,198 - 1,676 |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $20,153,900 | |
| Land Assessment | $2,176,800 | Total Assessment | $22,330,700 |
PROPERTY TAXES
