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Indy Town Portfolio
Indianapolis, IN Eastside

$27,040,000 USD

Multifamily For Sale  •  433,174 SF

4 Properties View all

Property Details

• Property Type Multifamily

30 Transit Score

40 Walk Score

Highlights

This 412-unit apartment portfolio is being offered at an attractive price per unit with a 6.12% cap rate.

Under construction units only make up 1.2% of the current inventory in the local market, ensuring limited supply-side competition.

Over $4,000,000 in recent capital expenditure investment, with 181 units boasting recent upgrades and 73 of the units being completed renovated.

There is a value-add opportunity to continue renovations and achieve a $144 average rental premium and drive increased revenue.

Agency Assumption | 80% LTV | 6 Years Remaining | 2.81% Interest Rate

Public Transportation

Commuter Rail	Drive	Walk	Distance
Indianapolis (Cardinal - Amtrak)	14 min	-	7.9 mi
Airport	Drive	Walk	Distance
Indianapolis International	35 min	-	20.9 mi