4.24.2013

Greystone Village NOW Available

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

Investment Highlights

Low Price Per Unit: Greystone is offered at $4,175,000 or just $16,835 per unit.
 

Convenient High-Traffic Location: The community has high visibility from both West 34th Street and Moller Road. Shopping options are convenient and plentiful, situated along Lafayette Road to the east, 38th Street to the north and Crawfordsville Road to the south. Interchanges with Interstate-465/74 and Interstate-65 are within two miles of the community.
 

Near Employment Centers: The property is within a few minutes of the downtown Indianapolis CBD, Indiana University-Purdue University Indianapolis, the Indianapolis International Airport, the Indianapolis Motor Speedway as well as many retail, healthcare and industrial employers.
 

In Area to Benefit from Redevelopment: Greystone Village is just two blocks from a new, state-of-the-art 70,000 square foot health center now under construction. In addition, just four blocks to the south is the town of Speedway, home of the world famous Indianapolis 500 and Brickyard 400 auto races. Speedway has undertaken its own revitalization plan to take advantage of its racing heritage. This initiative has already attracted numerous new businesses to the area and will increase jobs on the entire Westside, including the neighborhood surrounding Greystone.
 

Opportunity to Achieve Higher Profitability Through Property Upgrades: The seller has recently begun modest unit upgrades on turns, such as contrasting trim paint and upgraded carpets. A continuation of this program should increase both occupancy and effective rents.
 

Attractive Exteriors with Mostly Brick: Low maintenance, mostly masonry exteriors enhance the property’s appearance.
  

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