Aspen Chase at Eagle Creek

$8,700,000

Posted: 9/5/2019
130 Units
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About

About Aspen Chase at Eagle Creek

The Cushman & Wakefield Midwest Multifamily Advisory Group is pleased to present the exclusive listing of the 130-unit Aspen Chase apartment community located in Indianapolis, IN. This asset is strategically-located on the northwest side of Indianapolis giving residents convenient access to employers, the Indianapolis International Airport and booming downtown Indianapolis. Built in 1981, Aspen Chase offers an outstanding opportunity to invest in value add potential close to amenities and employers.

Aspen Chase is a 1980’s built, 130-unit, well-located apartment community on the northwest side of Indianapolis. The northwest rental submarket has been strong, with an average submarket occupancy rate of 93% and rent growth of 3.6% in 2018. The property’s occupancy is also strong, with current occupancy at 93.1%.

The community offers an attractive mix of one and two-bedroom flats and two and 3 bedroom townhomes. Constructed in 1981 by the respected developer the Gene B. Glick, the community consists of fourteen two-story apartment buildings situated on 10.05 wooded acres. In addition to its quiet, wooded setting, community amenities include a swimming pool with sun deck, two on-site laundry centers and available covered parking. Units feature attractive floor plans ranging in size from 700 to 1,200 square feet. Unit features vary by floor plan but include patios or balconies, walk-in closets, wood-burning fireplaces and outside storage closets. All townhome units include washer/dryer hookups.

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