2.15.2016

Multifamily Investment Opportunity: Arlington Terrace

http://tamultihousing.listinglab.com/ArlingtonTerrace/index.cfm
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
Visit our website for more information.

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