Emerging as one of the most attractive asset classes to both institutional and private investors, Single-Family Rentals offer high yields and strong occupancy rates. High-Performance Metrics for Single-Family Rentals include an average median rent of $1,700 per month for three-bedroom homes and Y-O-Y rent increase of almost 10%. Baltimore City Housing Voucher Rents consistently outperform comparable market rate levels..
WALKABLE TO NOTABLE EMPLOYMENT & AMENITIES
The E'laan is walkable to numerous notable employers including Salesforce and Cummins. Endless amenities, entertainment, museums, parks, dining and shopping are all 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. Studios and One-bed units are suitable for singles or couples while the two-bed units are great for roommates. Within a one-mile radius of The E'laan, 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 modern upscale finishes like quartz counters, kitchen islands, stainless steel appliances including built-in microwaves, and full size, in unit washer and dryer. Gorgeous views of downtown Indy can be seen from the green rooftop which features a pool, grilling station, fire pit and dog park. Other amenities include a spacious state-of-the-art fitness center with protein bar, lounge with coffee bar, and reserved covered parking.
URBAN TWO-PROPERTY PORTFOLIO OPPORTUNITY
The E'laan can be purchased individually, or with 946 MLK. 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.
High-End Finishes and Features
The Jacob will offer residents a luxurious living experience with high-end finishes throughout and an open floor plan. The community also provides an elevated amenity set to meet residents’ demands for comfort and convenience. .
Only $163K/Unit for New Construction
Acquiring The Jacob offers the rare opportunity to own a brand new property offered well-below replacement cost at just $163k per unit in a growing and vibrant location on Indy’s southside.
Proximity to Downtown
The Jacob is just 15 min south of downtown Indianapolis, making it easily accessible to the heart of the city. This proximity provides residents with convenient access to all the amenities and attractions of Indianapolis, including top-notch dining, shopping, entertainment, and cultural experiences.
High Income and Growing Location
The Jacob enjoys a prime location in a high-income area where the average household earns between $100,000 to $120,000. In addition, the south side is experiencing remarkable growth and boasts an array of shopping and dining options, including the highly sought-after Greenwood Park Mall.
Southport Revitalization Area
Southport, Indiana’s revitalization area is an exciting plan that aims to enhance the town’s economic growth and community vibrancy. The project includes plans for mixed-use spaces that feature retail, commercial, and residential properties, as well as public spaces for community gatherings and events.
Impressive Southside Fundamentals
In 2022, the Indianapolis south submarket boasted a strong occupancy rate of 95.9%, with a year-over-year rent growth of 13.8% and an average rent of $1,072.
The Cushman & Wakefield Florida Multifamily Advisory Group is pleased to present the 208-unit The Park at Via Teano multifamily community located in Daytona Beach, Florida.