Property Listings

Refine Your Search

20 East is a 156-unit apartment community located in Elkhart, Indiana built-in three phases in 1985, 1986 and 1988. The community is situated on 15 acres and has 18 residential buildings, a leasing office and sparkling pool. The property offers an attractive unit mix of 1 and 2 bedroom units with all single-story buildings, private entries and washer/dryer connections in all units.

The property presents the ability to easily increase revenue by burning off loss-to-lease as demonstrated by the ability to achieve market rents. 20 East has undergone major capital expenditures in the last few years including all new roofs and windows in the last 2-8 years, new siding in 2018 and a new playground in 2018. The lack of immediate capital needs allows the new owner the ability to focus on property upgrades that will increase revenue. The property is located adjacent to an industrial/manufacturing corridor with many employers and a slew of economic activity.

Under Contract
20 East
156 Units
2125 Toledo Road
Elkhart, IN  46516
Posted: 9/11/2019

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.

Aspen Chase at Eagle Creek
Offers Due:  Friday, September 4, 2020
130 Units
5340 Acorn Lane
Indianapolis, IN  46254
Posted: 8/3/2020

Autumn Trails, built in 1987, is a 165 unit apartment community located on the suburban east side of Indianapolis The community is situated on 9 acres and has 24 single story residential buildings. The property offers an attractive unit mix of studios, 1 and 2 bedroom units with private entries.

The property has undergone major capital expenditures in the last few years including all new metal roofs, the majority of the siding replaced, many new appliances and cabinets and the parking lot resealed and striped. The lack of immediate capital needs allows the new owner the ability to focus on property upgrades that will increase revenue.

Autumn Trails is located just north of 38th street and immediately east of I-465 off Franklin Road on the city’s suburban east side. The location provides convenient access to dining, shopping and employment.

Under Contract
Autumn Trails
165 Units
7981 Red Mill Drive
Indianapolis, IN  46226
Posted: 11/6/2019

Beechmill is a 256-unit apartment community exceptionally well located on the south side of Indianapolis. The community was built in 1981 but has been recently updated.

The new owner can build upon recent property upgrades, rent increases and positive momentum to further increase rents both organically and by completing additional property and unit renovations. Current rental rates are $100 below competing upgraded product. In the past 4 years, current ownership has raised rents $129 with only a partial unit upgrade.

The current owner has spent $2.3M in Cap Ex since 2016. All roofs were replaced, clubhouse received a light cosmetic lift and all 256 units were partially renovated: with new black appliances, new Formica countertops, light fixtures and LVT plank flooring in kitchens and baths. The property’s 12 acres feature many mature trees and ample green space.

Beechmill is an extremely well-located community. Because of its proximity to Indianapolis and US-31. Beechmill offers its residents proximity to the south side’s best shopping and dining. Traveling Downtown is quite convenient, as the property sits 11 miles directly south of the city’s center.

Under Contract
256 Units
8580 Beechmill Lane
Indianapolis, IN  46227
Type: Conventional
Posted: 1/22/2020

The acquisition of Cross Creek provides investors with the rare opportunity to acquire 1990 built property with 6% cap rate year one WITHOUT additional renovations. Offered free and clear and primed for the best new debt terms available such as interest only and high leverage which will allows for an immediate double-digit yield.

The current owner skillfully renovated 100% of the units in 2016 with installation of new kitchen and bath cabinets, countertops, appliances, lighting and plumbing fixtures. The clubhouse was also upgraded in 2016 and provides a high end, open and modern atmosphere ideal for leasing.

Cross Creek arrives to market with over 96% trailing 3 months average occupancy and T-12 occupancy of 94%. In addition to strong occupancy, the property has achieved 4.6% organic rental income growth T-3 vs T-12. Recent leases prove the ability to quickly increase revenue easily by simply burning off the $61k annualized Loss to Lease.

Cross Creek is offered free and clear and can be purchased individually or as part of a 914 unit, 3 property portfolio that includes Beechmill (256 units) and Woodbridge – Ft Wayne (450 units). A portfolio purchase offers economies of scale.

Download an Executive Summary below. Full Offering Memorandum is coming soon.

Under LOI
Cross Creek
208 Units
5756 Cross Creek Drive
Indianapolis, IN  46254
Posted: 1/22/2020

Coveted opportunity to purchase a 5 property, 837 unit portfolio from long term owner. The Fort Wayne 5 Portfolio consists of 5 properties all with 95%+ occupancy, washer / dryers in all units and each offering value add potential. With 3 properties located adjacent to one another on the city’s southside, one property on the northside and one on the city’s west side, the portfolio offers diversity in terms of both location and unit type. The 3 southside properties were built in the early 70’s and provide well maintained workforce housing. Northcrest Gardens, built in 1964 is located on the northside is near the city’s finest retail and restaurants. Coventry Court West, the newest property in the portfolio, built in 1984 is adjacent to a high income area to the west of the property where household incomes are $75k annually.

Fort Wayne is the 2nd largest city in the state of Indiana and has an extremely stable multifamily market. Citywide average occupancy is 96.7% and has average 95% since 2015. Rents grew in Fort Wayne more than 5% and unemployment is at only 2.6%. Top three employers in Fort Wayne are two large healthcare networks, Parkview and Lutheran, followed by the Fort Wayne Community Schools.

The portfolio is being sold free and clear and offers a new owner immediate economy of scale, stable revenue day one with the opportunity further increase revenue through updates and upgrades.

Fort Wayne 5
837 Units
Fort Wayne, IN
Type: Conventional
Posted: 6/16/2020

Harrison Point is an exceptionally well-maintained workforce housing community located on Indianapolis’ suburban east side. While originally constructed in the late ’60s, the property has been significantly renovated and has the look and feel of a much newer community. New exterior vinyl siding, fresh exterior painting, all new roofs and wood decks, updated signage and newer windows provide excellent curb appeal.

The community is situated on 25+ acres with 8 two-story buildings and offers an attractive mix of studios, 1, 2 and 3-bedroom units. All units offer private entries in a popular courtyard style layout. Harrison Point offers its resident a full amenity site with onsite laundry facilities (machines owned by property), fitness center, sparkling pool, soccer field and newly built pavilions.

Harrison Point is located just east of I-465 on Post Road, a major commercial thoroughfare, with convenient access to I-70 and I-69. Numerous large employment centers are just minutes from the property. Residents enjoy a quick commute to downtown Indianapolis and to the popular northside of Indianapolis.

Under Contract
Harrison Point
342 Units
9093 Bourbon Street
Indianapolis, IN  46236
Posted: 3/19/2020

Mariners Village is a 244-unit apartment community located on Indianapolis’ suburban west side just outside of Indianapolis’ interstate loop. The property sits on a tranquil 60-acre springfed lake which offers scenic views from the property’s pool, deck, and from a number of units. Built in 1978, the community consists of fourteen residential buildings and a clubhouse, situated on almost 16 acres.

Mariners Village offers a variety of unit types, including 40 studio units in two floor plans (20 with popular lofts); 102 one-bedroom units (34 with lofts), and 102 two-bedroom units (34 with lofts). Unit features vary by type but include generous floor plans, private patios or balconies, kitchen pantries and large closets.

Community amenities include the clubhouse with community room, fitness center and saunas; the swimming pool with a large deck overlooking the lake, a jogging/walking path, dog park, picnic areas, laundry facilities on the first and second floor of every hall, and available covered parking.

Mariners Village
244 Units
7135 Islander Drive
Indianapolis, IN  46214
Type: Conventional
Posted: 3/23/2020

Notch at Norta is a brand new, Class A apartment community located in Indiana’s most vibrant market. The northside is among the country’s fastest-growing and wealthiest areas and offers residents an exceptionally high quality of life.

The community offers an attractive mix of studios, 1 and 2-bedroom units and all with a full-size washer/dryer. The units include high-end finishes such as quartz countertops, wood cabinets with high gage drawer pulls, a flat glass range top, a deep under-mount stainless-steel sink, energy-efficient appliances and vinyl plank flooring.

The amenities at Notch at Nora are equal to or exceed any of its peers. A beautiful clubhouse offers a 24-hour fitness center as well as the leasing and management office. Other amenities include direct access to The Monon trail, a sparkling swimming pool, a fire pit, a grilling station, and a 24-hour package room.

Notch at Nora’s specific location, just to the south of high-traffic 86th Street, gives excellent access to everything the northside and high-end Keystone area have to offer. The community is within minutes of the area’s finest entertainment and shopping and numerous major employment centers.

Under Contract
Notch at Nora
186 Units
8502 Westfield Blvd
Indianapolis, IN  46240
Posted: 1/22/2020

Originally constructed as a partial LIHTC property, Pendleton Place Apartments is a 192-unit community in the northern suburb of Indianapolis. The property was built in three phases: Phase I 1999, Phase II 2000 and Phase III 2018. The owner is in the process of removing the income restrictions that are currently in place for 88 units in Phase I and will be completed prior to closing. The new owner will be able to immediately lease all units with no income restrictions.

The aquisition of Pendleton Place represents an opportunity that buyers covet: 1999 / 2000 built product with low in place rents (in Phase I and II).

Located in a high income area with household incomes over $75k, the City of Pendleton offers its residents to oppoortunity to live near high wage jobs, upscale retail and restaurants and has a sought after school system.

Pendleton Place is offered Free & Clear.

Under Contract
Pendleton Place
192 Units
101 Shamrock Cr.
Pendleton, IN  46064
Posted: 1/21/2020

Silvertree is a 892-bed | 332-unit portfolio of 7 properties built in 1984-19952 and located in Muncie, Indiana. This offering represents an opportunity to buy 7 nearby/adjacent properties with a large presence in the market, and it offers economies of scale at 6.3% T-12 (even with 83% occupancy) and 7.3% year one forecast cap rate.

The communities are situated close to each other and near the campus of Ball State University which has steady enrollment of approximately 22,000 and employs about 3,500 people.

All units have washer/dryers in the units. The properties offer an attractive unit mix with a variety of unit styles to fit any resident's needs. Some units were upgraded in 2010 and include high-end finishes such as granite countertops, new wood cabinets, energy-efficient appliances and vinyl plank flooring.

The amenities at Silvertree are centralized at the Silvetree location and include a clubhouse with a 24-hour fitness center as well as the leasing and management office. Other amenities include a sparkling swimming pool, sand volleyball court, basketball court and tanning bed.

Silvertree Communities - Muncie
332 Units
2720 N Silvertree Lane
Muncie, IN  47304
Posted: 2/14/2020

The Bristol is a 211-unit Class A luxury apartment community on Indianapolis’ suburban southwest side. Built in 2004, The Bristol is comprised of twenty-seven mostly brick residential buildings, a clubhouse and a maintenance building. The property is situated on 22+/- well-landscaped acres with two ponds.

Fifty-one units are condominium quality, single story, "patio-style" homes with ground-level private entries and either one or two car attached garages. These units are situated in seventeen buildings with just three units each and a custom home feel. The patio-style homes range in size from 870 to almost 1,400 square feet and are extremely popular, with a very low turnover rate. The remaining one hundred sixty units are attractive garden-style apartments in two-story residential buildings. These units are also spacious, ranging in size from 788 to 1,222 square feet. All garden style units feature private entries and large screened patios or balconies. All units offer full size washer/dryer connections, large closets, and either nine-foot or vaulted ceilings. Many of the units overlook picturesque ponds with fountains. Select units include: electric fireplaces, custom built-ins, walk-in closets and window seats with extra storage compartments.

Nine acres additional land is included in the offering. This parcel has already been planned and permitted for an additional 112 units. The new owner will have the opportunity to develop and build this "Phase II" in a very cost effective manner because the amenities have already been constructed. Streets leading to Phase II are in place, and public utilities are at the site.

Under Contract
The Bristol
211 Units
7705 Harborside Dr
Camby, IN  46113
Type: Conventional
Posted: 3/16/2020

The Cushman & Wakefield Midwest Multifamily Advisory Group is pleased to present the exclusive listing of Union Green, a 172-unit, 2019-built apartment community located in high growth and affluent Brownsburg, IN.

Union Green is a brand new, Class A mixed-use apartment community located in one of Indiana’s hottest and most affluent submarkets. Hendricks County is among the country’s fastest-growing and offers residents an exceptionally high quality of life. Union Green is part of a recent $80M+ development corridor in downtown Brownsburg including residential, office (+co-working) and retail in a newly minted walkable, urban setting. Amenities at Union Green are best in class, with no equal among the submarket competition.

Rush on Main (Chicago-Inspired Eatery) occupies the approximately 3,908sf of the +/-14,000sf of retail. With a high level of interest from the retail community, lease-up of the remaining space is imminent.

Click below for Virtual Tours:


Prospect A

Coming Soon
Union Green
172 Units
SR 267
Brownsburg, IN  46112
Posted: 4/23/2020

Veranda @ Speedway opened in June 2019 with the highest finishes in the submarket. With only highly sought-after studio and 1 bedroom floorplans and average rents below most competitors in the submarket. The property was fully occupied the day after the last building was completed, proving that the rents are well below market.

The property is within walking distance to a large shopping center providing lots of employment nearby as well as making the property a "walk-to" location for restaurants, bars, grocery, and other retail. The Indianapolis Motor Speedway is less than 2 miles away, which hosts the world’s largest sporting event, Indy 500, every year. The average income in a 1 mile radius is $54k, which is more than 6x the average market rent at Veranda. Also, within a 1 mile radius over 66% of housing is occupied by renters. This is likely due to the lack of housing options and high housing costs near the Indianapolis Motor Speedway.

The property is currently 96% occupied, allowing a new owner to come in and benefit from a high yield day one. The current owners invested over $140k in a completely new parking lot, new roofs, new windows, and painted siding. The units were completely gutted less than one year ago, with all new finishes, appliances, HVAC and plumbing. A new owner would not incur any major capital expenses for the near future.

Under Contract
Veranda at Speedway
53 Units
6038 W 25th Street
Indianapolis, IN  46224
Type: Conventional
Posted: 4/1/2020
Cushman & Wakefield, Inc., as exclusive advisor, is pleased to present The Villas On Fir, a brand new, best-in-class development with 290 residences in the heart Granger, Indiana. This unique opportunity allows new ownership to own a stabilized asset with powerful tenant and market demographics with an unmatched location in greater South Bend, Indiana. The area economy is not only powered by Notre Dame University but also by a health care and manufacturing scene that is one of the top in the nation. A professional, well-educated, renter dominated population fuels the demand for new, highly amenitized apartments in a market with record low vacancies, real rent growth and minimal new construction.

For access to confidential documents, please register at:
The Villas on Fir
Offers Due:  Friday, August 28, 2020
290 Units
6205 N Fir Rd
Granger, IN  46530
Posted: 6/16/2020