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8808 Rue Madeleine St
Indianapolis, IN 46226
Maison Gardens Apartments · Multifamily Property For Sale
·
444 Units
Investment Highlights
- Compelling Value Add Opportunity - 25%+ Rental Upside
- Historically High Occupancy - 95%; Excellent Amenities & Diversified Unit Mix
- Favorable Regulatory & Tax Environment
- Nearly $8 Million in Capital Improvements
- Top Metro for Jobs - Growing Employment, Population & Corporate Expansion
- Option to Acquire Adjacent Storage Facility
Property Facts
| No. Units | 444 | Building Size | 642,492 SF |
| Property Type | Multifamily | Average Occupancy | 95% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1967 |
| Building Class | C | Parking Ratio | 2.5/1,000 SF |
| Lot Size | 19.85 AC |
| No. Units | 444 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 19.85 AC |
| Building Size | 642,492 SF |
| Average Occupancy | 95% |
| No. Stories | 2 |
| Year Built | 1967 |
| Parking Ratio | 2.5/1,000 SF |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Washer/Dryer
- Heating
- Security System
- Kitchen
- High Speed Internet Access
- Refrigerator
- Oven
- Range
- Tub/Shower
- Carpet
- Wi-Fi
- Garden
- Window Coverings
Site Amenities
- 24 Hour Access
- Business Center
- Fitness Center
- Laundry Facilities
- Playground
- Property Manager on Site
- Basketball Court
- Volleyball Court
- Maintenance on site
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 109 | - | 593 |
| 2+2 | 224 | - | 873 |
| 3+2 | 111 | - | 1,016 - 1,024 |
Property Taxes
| Parcel Number | 49-08-18-121-008.000-407 | Improvements Assessment | $7,721,700 |
| Land Assessment | $438,400 | Total Assessment | $8,160,100 |
Property Taxes
Parcel Number
49-08-18-121-008.000-407
Land Assessment
$438,400
Improvements Assessment
$7,721,700
Total Assessment
$8,160,100
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