9.26.2013

Arrowwoods Apartments NOW Available!

Check out this new multifamily investment opportunity on Indianapolis' desirable north side! For more information and a full offering memorandum, visit our website.


Investment Hightlights:

REO Sale: Arrowwoods is being offered for sale by its lender. Offers are due November 1st, and the seller is motivated to close a sale quickly.

Strong Current Occupancy: The community is currently 92% occupied.

Current Rental Rates Below Market: The current rental rates at Arrowwoods are below those of the competing properties. Completing light interior and exterior renovations will allow for rent increases.

Recent Capital Improvements: Over $400,000 in capital improvements have been completed by the lender since 2012.

Low Price Per Unit: Arrowwoods is offered at $4,000,000 or just over $26,000 per unit.

Desirable Submarket: Located on Indianapolis’ desirable far north side, one of the city’s strongest rental submarkets.

Convenient Location: Near many major employment centers (including a major hospital campus with 6,500 total employees), abundant shopping and interstate access.

Attractive Brick Exteriors: Building exteriors are primarily brick which are both low maintenance and attractive.

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