About Harbour Pointe
Harbour Pointe is a 336-unit apartment community located on Indianapolis’ popular northeast side. The community was built in two phases in 1969 and 1970 and has been owned and well maintained by the current owner (a family company) since 1990. Recent capital improvements performed by the seller include, repainting and carpeting of all hallways in 2016, $100,000 spent on landscaping in 2016, and paving and seal coating work in parking areas and drives.
Harbour Pointe’s amenities include a large swimming pool and multi-level sundeck, a full fitness center and a sand volleyball court. Eighty-seven covered parking spaces are available for rental. Just across the street from the property is the Fall Creek Greenway, a very popular 8 mile walking, jogging and biking trail which connects northeast Indianapolis and downtown.
Harbour Pointe has a history of very high occupancy (over 98% for the last five years) and often has a waiting list. The property offers opportunities to an investor to increase revenue significantly through upgrades of unit interiors, the bill back of water, sewer and trash; converting two of the three models to rental units and enhancement of the current amenity package.