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Strawbridge Green

Posted: 3/9/2022
190 Units
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About

About Strawbridge Green

UNTAPPED VALUE-ADD POTENTIAL

The property is primed for upgrades. No unit upgrades nor amenity enhancements have been completed by the current long term owner. A new owner can significantly increase rents and income by upgrading unit interiors and adding amenities. Current rental rates trail the market by an average of $270+. Nearby properties have completed upgrades and are achieving significantly higher rents.

ATTRACTIVE UNIT FEATURES & STYLES

Floor plans are exceptionally large, averaging 945 SF and range in size to over 1,300 SF. All units have private entries, private patio or balcony and large closets. In addition, all 38 townhome units have washer/dryer connections. All roofs were replaced in 2015.

CONVENIENT TO EMPLOYMENT & SHOPPING

The property is near downtown Indy, University of Indianapolis, IUPUI, Community Health, Franciscan Health and an Amazon distribution center. In addition, the bulk of the south side’s best shopping is all within 15 minutes of the property.

STRONG SOUTHSIDE SUBMARKET

Located on Indianapolis’ desirable south side. The south submarket is quite strong with 95% occupancy, 10.6% rent growth year-overyear, and an average rent of $942 in 2021.

GREAT SCHOOL SYSTEM

Perry Township is the second fastest-growing school district in the State of Indiana with 16,300 students. Perry Township Schools School District is ranked within the top 50% of all 369 school districts in Indiana.

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