Slideshow Image

Cardinal Pointe Portfolio

Posted: 3/13/2019
195 Units
Want to add this to My Listings (or tell us why you're not interested)?
Log In or Register ...

Photos

Sold
Slideshow Image
Cardinal Pointe I
Sold
Slideshow Image
Cardinal Pointe I
Sold
Slideshow Image
Cardinal Pointe II
Sold
Slideshow Image
Cardinal Pointe II
Sold
Slideshow Image
Cardinal Pointe II
Sold
Slideshow Image
University
Sold
Slideshow Image
University
Sold
Slideshow Image
University
Sold
Slideshow Image
Wheeling Manor
Sold
Slideshow Image
Wheeling Manor
Sold
Slideshow Image
Wheeling Manor

About

About Cardinal Pointe Portfolio

The Cardinal Pointe Portfolio consists of 4 properties currently owned by an out- ofstate private equity group that purchased the properties approximately 10 years ago. Three of the four properties (Cardinal Pointe I, Cardinal Pointe II and University Apartments) are predominately occupied by Ball State undergrad students and are adjacent to campus. Wheeling Manor, the smallest of the four properties (24 units) is occupied by mainly non-student residents. All properties are leased by the unit, not by the bed, and have a history of high 95%+/- occupancy.

The majority of the units have original interior finishes and offer the new owner the opportunity to complete updates and achieve rent premiums .

The portfolio is being offering free and clear.