The Wylde

Posted: 3/22/2021
256 Units
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About

About The Wylde

1 FULLY RENOVATED LATE 80’S BUILT PROPERTY WITH HIGH IN PLACE YIELD

In 2018/2019, $2.6M / $10k+ per unit was invested in The Wylde. Renovations included unit upgrades, exterior painting, clubhouse and fitness center renovation, hallway upgrades, new signage, addition of washer / dryer hookups in all units and more.

2 MINUTES TO LARGE EMPLOYERS, PLENTIFUL RETAIL & AMENITIES

The Wylde is located less than one mile from some of the area’s best shopping, just 3 miles from popular Eagle Creek Park, and a quick drive to Intech Park (the premier and largest industrial park within Marion county) and 3 of the 4 of other largest logistic centers in Indy. Downtown Indianapolis also less than 10 miles from the property.

3 DESIRABLE UNIT & PROPERTY FEATURES

Situated on a wooded site with large mature trees, all units have been upgraded and offer Washer / Dryer connections, top floor units feature vaulted ceilings and select units have two sided fireplaces and lake views.

4 INCREASING REVENUE TREND AT PROPERTY & SUBMARKET

In 2020, revenue at The Wylde grew by 5.8% vs 2019 proving the property’s resilience and growth potential. The entire submarket has performed very well. The Westside of Indy had the highest rent growth of any Indy submarket in 2020 with an impressive 6.5% annual rent growth.

5 OFFERED FREE & CLEAR

The Wylde is available free and clear and allows a new owner the ability to take advantage of today’s low interest rates and desirable debt terms.