946 MLK

About 946 MLK

WALKABLE TO MEDICAL EMPLOYMENT & AMENITIES

946 MLK is within a 10-minute walk to four hospitals and many other healthcare facilities within downtown's medical district. The IU School of Medicine, 16 Tech, IUPUI, multiple significant employers, museums and parks, and numerous dining and shopping options are also within walking distance.

PERFECT UNIT MIX FOR YOUNG PROFESSIONALS

The property has a unique unit mix perfect for young professionals who want to live, work and play in downtown Indianapolis. One-bed units are suitable for singles or couples while the three-bed units are great for roommates. Within a one-mile radius of 946 MLK, the median age is 29 years and 73% are college-educated.

BOUTIQUE LUXURY COMMUNITY

This small, boutique community offers what young dwellers are looking for with upscale finishes like granite counters, kitchen islands, built-in microwaves, and in unit washer and dryer. Amenities include a spacious state-of-the-art fitness center, business lounge, reserved covered parking and beautiful views of downtown Indy.

OPPORTUNITY TO ELEVATE REVENUE

The new owner could immediately increase revenue by implementing a parking fee. All of the competing properties for 946 MLK charge for parking. The property could be elevated with minor upgrades such as additional fitness equipment, converting the business lounge to a "co-working" space and a few enhancements in unit interiors.

URBAN TWO-PROPERTY PORTFOLIO OPPORTUNITY

946 MLK can be purchased individually, or with The E'laan. Both properties are located in walkable locations in downtown Indianapolis and share staffing. The two properties total 91 units and offer operational efficiencies when purchased together.