3.29.2013

Woodbrook Apartments NOW Available


Learn more about this multifamily investment opportunity on Indianapolis' west side here

Investment Highlights

Opportunity to Acquire Stable Property at Attractive 9.3% Cap Rate on Achievable Forecast NOI: Rental revenue at the property has been trending upward. The offering price represents a 9.3% cap rate on projected NOI and a 7.5% cap rate using trailing 6 months revenue annualized and T-12 months actual expenses.

Potential to Increase Rental Rates with Interior Unit Upgrades/Updates: The completion of light interior unit updates (new counter tops, cabinet painting/hardware, new light fixtures and plumbing fixtures, etc.) offers the potential to increase the current market rental rates.

Desirable Submarket: Located on Indianapolis’ desirable northwest side, a submarket which has experienced both occupancy and rent growth in 2012.

High Visibility Location: Woodbrook is located directly on Georgetown Road a main north/south thoroughfare on the city’s westside with an average daily traffic count of over 22,000.

Convenient Location:
Two interchanges with Interstate 65 are within 2 miles of the property. Also Interstate 465 (Indianapolis’ interstate beltway) is located only 2 miles away. The downtown CBD and most parts of the city are within 20 minutes of the property via I-465.

0 comments:

Post a Comment