5.19.2014

Multifamily Investment Opportunity: Decatur Woods

Checkout this exciting new opportunity to invest in an Indianapolis multifamily asset. For more information or to download a full offering memorandum visit our website HERE.

Investment Highlights

Value–Add Opportunity: The property’s current rental rates allow for rent growth through upgrades of common areas and unit interiors. In addition, institution of a water/sewer billback is readily achievable.

Excellent Location Near Airport and Adjacent to Expanding AmeriPlex Industrial Park:  Decatur Woods is located very close to the Indianapolis International Airport and AmeriPlex, a growing business park which counts a number of the city’s larger employers as tenants.

Convenient to Interstates, Shopping and Downtown: Interstate 465 (the city’s beltway) is approximately a mile from Decatur Woods. Via I-465, Interstates 65, 69, 70 and 74 are all within a few minutes’ drive. The downtown CBD and Indiana-Purdue University Indianapolis (29,000 students) are within fifteen minutes of the property. The community is exceptionally convenient to the south side’s shopping and dining destinations and the many employment centers clustered along the interstates.

Future Growth in Area is Virtually Assured: Because of the proximity to the airport and interstates the area is one of the city’s most attractive for future commercial development (particularly industrial and warehouse).

High Current Occupancy:
Occupancy on May 5 was 94.4%

New Roofs and Other Capital Projects Completed in 2011 and 2012:  All roofs were replaced in 2011. The property’s swimming pool was completely sandblasted and re-plastered and the parking areas were repaired, sealed and striped in 2012.

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