Experts on the Indianpolis Apartment Market

Over 70 years of combined experience in the multihousing brokerage industry

60,000 Units Sold Throughout Indiana and Kentucky

Clients include local, regional and national private equity investors; public pension funds; and public and private REITs.

$2 Billion in Multihousing Sales

And the highest number of apartment transactions by any Indianapolis brokerage firm.

Annually Presents the Indiana Apartment "Industry Outlook"

An event hosted in conjuction with the Indiana Apartment Association.

1.20.2015

Multifamily Investment Opportunity: Eagle Lake Landing

A recently renovated 277 unit property is now available in Speedway/Indianapolis, IN. Click here for more information.


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 
Extensive Exterior Improvements:
  • 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
Brand New Clubhouse: Including fitness/health center, tanning, business center and leasing and management office

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”.