A recently renovated 277 unit property is now available in Speedway/Indianapolis, IN. Click here for more information.
Recent $6,300,000 Renovation: Eagle Lake Landing was completely renovated in 2011. This top-to-bottom renovation included:
Brand New Modernized and Upgraded Unit Interiors:
Common Hallway Redecoration: All hallways throughout the property were refurbished with new doors, paint, carpet, and lighting.
History of High Occupancy: Current occupancy is 94% and trailing twelve month occupancy is 95%.
Exceptionally Convenient to Downtown CBD, Interstates and Major Employment Centers: The property is less than one mile from I-465 (Indianapolis’ interstate beltway) with short drive times to Indianapolis International Airport, Indianapolis downtown CBD and Indiana University–Purdue University Indianapolis (30,000 students), and the highest concentration of distribution/warehouse space in the city (near the airport and clustered along the interstates.
Large Units with Sixteen Different Floor Plans: Units average a spacious 1,075 square feet and offer many attractive features, including private patios and balconies, master suites, gourmet kitchens, extra-large bathrooms and large closets.
Quiet Lakeside Atmosphere: Eagle Lake Landing sits on a large lake and offers residents a quiet peaceful atmosphere.
In Solid Rental Market: The Indianapolis west side submarket averaged 91.0% occupancy in 2014.
Desirable Speedway Location: Speedway is home of the Indianapolis Motor Speedway and is currently implementing a multiyear plan to attract business and tourism to capitalize on its fame as “The Racing Capital of the World”.
Investment Highlights
Recent $6,300,000 Renovation: Eagle Lake Landing was completely renovated in 2011. This top-to-bottom renovation included:
Brand New Modernized and Upgraded Unit Interiors:
- All new entry doors to units, two panel interior doors, mirrored closet doors, new trim and casing and new light and electrical fixtures
- Upgrades to HVAC systems
- Completely new kitchen appointments, including new cabinets and counter tops, appliances, and plumbing fixtures
- New bathroom finishes including vanities with cultured marble tops, tile tub surrounds and plumbing fixtures and bath accessories
- Addition of washer/dryer machines in all units
- New floor coverings, custom window coverings, new trim accents and two-tone paint
- New roofs, windows and patio doors
- Seal coat and select replacement of parking lots and drive lanes
- Repair and/or replacement of sidewalks
- Full exterior painting
- Balcony repairs and upgrades
- Extensive new landscaping
- New signage
- New exterior lighting
Common Hallway Redecoration: All hallways throughout the property were refurbished with new doors, paint, carpet, and lighting.
History of High Occupancy: Current occupancy is 94% and trailing twelve month occupancy is 95%.
Exceptionally Convenient to Downtown CBD, Interstates and Major Employment Centers: The property is less than one mile from I-465 (Indianapolis’ interstate beltway) with short drive times to Indianapolis International Airport, Indianapolis downtown CBD and Indiana University–Purdue University Indianapolis (30,000 students), and the highest concentration of distribution/warehouse space in the city (near the airport and clustered along the interstates.
Large Units with Sixteen Different Floor Plans: Units average a spacious 1,075 square feet and offer many attractive features, including private patios and balconies, master suites, gourmet kitchens, extra-large bathrooms and large closets.
Quiet Lakeside Atmosphere: Eagle Lake Landing sits on a large lake and offers residents a quiet peaceful atmosphere.
In Solid Rental Market: The Indianapolis west side submarket averaged 91.0% occupancy in 2014.
Desirable Speedway Location: Speedway is home of the Indianapolis Motor Speedway and is currently implementing a multiyear plan to attract business and tourism to capitalize on its fame as “The Racing Capital of the World”.
