Indy Town Portfolio 4 Multifamily Properties Offered at $27,040,000 in Indianapolis, IN
INVESTMENT HIGHLIGHTS
- 412 - Unit apartment portfolio offered at an attractive price per unit
- Tight Inventory: under construction units are only 1.2% of current inventory
- Agency Assumption | 80% LTV | 6 Years Remaining | 2.81% Interest Rate
- Over $4,000,000 in recent Capital Expenditure Investment
- Value-add opportunity to continue renovations and achieve $144 avg rental premium
PROPERTY FACTS
| Price | $27,040,000 |
| Price / SF | $62.42 / SF |
| Cap Rate | 6.12% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 4 |
| Individually For Sale | 0 |
| Total Building Size | 433,174 SF |
| Total Land Area | 19.76 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
|
Arlington Green
6046 E 21st St, Indianapolis, IN 46219 |
Multifamily | 182,000 SF | 1950 | - |
|
Glen Ridge Manor Apartments
4737 E 19th St, Indianapolis, IN 46218 |
Multifamily | 89,174 SF | 1952 | - |
|
Greenway Apartments
5300 E 21st St, Indianapolis, IN 46218 |
Multifamily | 97,000 SF | 1962 | - |
|
Frederick Square
6020 E 30th St, Indianapolis, IN 46218 |
Multifamily | 65,000 SF | 1968 | - |
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