Arlington Terrace Investment Highlights
- Attractively Priced at $3,100,000
- 8.9% Cap Rate on trailing 3 month performance
- Five Blocks to Community Hospital East
- Over 1,500 current employees
- Under construction for $175 million hospital renovation/expansion
- State of Indiana building $120 million Neuro-Diagnostic Institute and Advanced Treatment Center on campus
- Exceptionally High Historical Occupancy
- Annual occupancy between 96% and 98% since 2012
- Stable Property with Opportunities to Increase Revenue
- Unit upgrades
- Complete institution of water/sewer bill-backs
- Add bark park and/or business center
- Very Attractive Buildings of Georgian Architecture and All-Brick Exteriors
- Very Well Maintained Property
- All New Windows Installed in 2002 and All Roofs Replaced in 2006
- Convenient to 10th Street Corridor, Bus Line, Shopping Areas, and Restaurants
- Remodeled 10 Units in 2013 Including Kitchens and Baths
- Many Long-Term Residents (over 5-year average tenancy) – Lower Turnover and Lower Operating Expenses
- Washers/Dryer Connections in Select Units (16 units)
- 10-year+ Ownership by Current Owner
- Offered Free and Clear of Debt
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