1. EXCELLENT VALUE ADD POTENTIAL
Burgundy Court offers an excellent true value-add upgrade potential. Through unit renovations and adding additional property amenities, a forecast rent premium of $175 - $325 can be achieved.
2. UNDER MARKET RENTS
Current rents at Burgundy Court are currently on average 20% below nearby competition. A new owner could operate the property as-is and enjoy strong organic growth.
3. PROXIMITY TO EMPLOYMENT AND RETAIL
The properties positioning near Rt 126, the Ronald Reagan Cross County Highway, and I-275, along with the immediate access to a myriad of retail, restaurants and top employers nearby make the property a highly desirable location for tenants.
4. FAVORABLE MARKET FUNDAMENTALS
Cincinnati’s rent growth is currently 9.5% (YOY), submarket vacancy is 4.8% and job growth is projected to be 2.6%. These fundamentals along with Cincinnati’s diverse economy make it well-positioned for both short and long-term growth.
5. IDEAL UNIT MIX COUPLED WITH OPERATING EFFICIENCY UPSIDE
Burgundy Court is a quality asset with an ideal unit mix including 62 sought after 3BR Townhomes. Additional growth can be achieved by adding additional amenities and cost saving opportunities such as implementing a bulk internet/cable package & energy saving LED lighting.
Cincinnati, OH 45239
The Cushman & Wakefield Midwest Multifamily Advisory Group is pleased to present the exclusive listing of Castle Point, a 740-unit, 1974 to 1980-built apartment community located in vibrant South Bend Indiana.
The acquisition of Castle Point represents an opportunity to own a large asset adjacent to the city's highest-end suburb at a 5.5% T-3 Cap Rate and a 6%+ Cap Rate Year 1. The property offers an unmatched set of amenities in a sought-after South Bend location.
Large Iconic Asset - 5.5% T-3 Cap Rate
Castle Point is a well-regarded landmark community with it's massive unmatched amenity center, idyllic setting, and unique unit features and floorplans. Providing an excellent immediate yield, the property is being offered at a 5.5% T-3 Cap Rate and an achievable 6%+ in year one.
Huge Remaining Upside & Proven Premiums
The property offers significant revenue increase potential through continued unit upgrades and converting 2 bedroom units with dens into sought after 3 bedroom units. There are also several free strategies to raise cash flow including: maintaining strong rent increases on lease-trade (currently achieving 15% organically) and rightsizing bad debt and occupancy.
$5.6M Capital Infusion Completed
The current owner has enhanced the property through a $5.6M capital ex program. Improvements included clubhouse upgrades, elevating and adding amenities, and 361 unit interior renovations. 379 classic/previously renovated units remain, offering the new owner the ability to increase revenue by $1M annually.
High Income & Growth Location
Castle Point is located on the north side of South Bend and adjacent to Granger, the most upscale area in the region with the highest single-family home values in the county and touting 56% of households with incomes over $100,000.
The Strength of South Bend
The diverse economy of South Bend has upward momentum with ample new developments and growth. Prestigious Notre Dame University brings stability & educated talent, and the rental market offers an incredible 15.4% rent growth.
South Bend, IN 46637
New Construction $200K Build-to-rent Homes
Currently under construction, Circle Point Villas is a new, high end rental home community built by an experienced developer. After rollover of the first leases, additional organic rent growth could be achieved.
High Demand for Home Rentals
There is increasing demand for renters who prefer the privacy and larger size of a home, without the burden of homeownership. Peak home prices coupled with the flexibility of renting and desire for suburban living have boosted the demand for BTR communities.
Trending Demographics Support Rental Rates
Circle Point Villas is primed for a high-level resident profile. Average household incomes within five miles are $66K and is expected to increase by 10% over the next four years. Nearly 52% of residents earn over $50K. Spending 30% of a $66K average gross income for housing equates to rents starting at $1,650.
Maintenance Free Rentals with Flexibility
BTR homes attract millennials, baby boomers and prospective home buyers tired of the house hunt with the flexibility to move when they want, and maintenance free living with professional on-site management. Circle Point Villas offer spacious open layouts, direct access garages, green space, patio and front porch, laundry room with W/D and a full appliance package.
Near Significant Employment
Toyota Motor Manufacturing | Indiana (7,296 employees) is less than five miles from Circle Point Villas. The company is adding an additional 1,400 employees by the end of 2023. Additional employers nearby include Duke Energy (1,400 emp), Vuteq Corp. (654 emp), Deaconess Gibson Hospital (350 emp) and Hansen Corp. (233 emp).
Located in Hamilton County and the City of Westfield, the Cottages at Sanders Glen residents benefit from one of the best locations in the state. Westfield is home to a host exciting new developments and boasts the highest population growth in the state with 7.7% in 2021 and 65.5% since 2010.
Walkable Suburban AssetCottages at Sanders Glen is walkable to Downtown Westfield and the new Grand Junctions Plaza as well as resturants, breweries, shoping and the YMCA.
Single Family Feel
Private driveways, attached garages and individual entrances give the property a single family residential feeling.
Stunning High-End Finishes
Cottages at Sanders Glen is a brand new asset with luxurious high-end design and architecture. Beautiful features include vaulted ceilings, bright and airy open floorplans, breakfast bar seating and ample granite countertop space.
Westfield, IN 46074
NEW CONSTRUCTION - $135K/UNIT
Currently under construction, Cypress Point is the only Class A multifamily property in Washington, IN.
The closest direct competitor to Cypress Point is Baldwin Heights, located 40+ minutes south in Princeton, IN and was built by the same developer.
5-YEAR 100% TAX ABATEMENT
Located within a newly established economic revitalization area, Cypress Point has a 5-year tax abatement in place that ends in the year 2027. This favorable tax abatement will offer the new owner increased cash flow.
Located adjacent to the new I-69 North American Super Corridor, Cypress Point benefits from:
- 178,000+ Workforce within a 60 minute drive
- 80% of the US population within a one day drive
- Westgate at Crane Technology Park (30 Minute Drive)
- Naval Surface Warfare Center - Crane Division (30 Min. Drive)
- Toyota Motor Manufacturing - 7,296 Employees (45 Min. Drive)
- Direct commute to Indianapolis and Evansville
- Washington, IN is the county seat of Daviess County
Washington, IN 47501
UNIQUE & WELL BUILT TROPHY ASSET
District at Saxony is a premier trophy asset with luxurious amenities, high-end design and distinctive architecture offered by the well-regarded original developer.
WALKABLE SUBURBAN HIGH-INCOME LOCATION
Located in Hamilton County and the City of Fishers, the District of Saxony residents benefits from one of the best locations in the state. Fishers is very well known for impressive growth in population, income, home values and the best amenities around.
CLEAR PATH TO $360+ RENT PREMIUMS
The property offers excellent upgrade potential through completing unit renovations in the 269 Phase I units. Because the demand for luxurious finishes is high in this location, bringing these units to an elite finish level will yield estimated rent premiums of $360+.
UNDER MARKET RENTS & 15% ORGANIC GROWTH
Current rental rates are up to $400 below the competition offering space to move rents immediately. The steady 95% occupancy demonstrates the location and the product are in high demand. Average rent increases on lease trade out is 15%+.
Fishers, IN 46037
5.7% Cap - 2000 Built Property - $105K/Unit
Mill Pond offers the rare opportunity to purchase a 2000s built well maintained asset with a 5.7% going-in cap rate and at a low $105K/unit basis with upside potential.
Proven Rent Premiums
A new owner has the opportunity to continue to upgrade units and add and enhance the amenity set. Proven rent premiums for upgraded units are up to $385.
City's Highest Income Area
The northeast side of Muncie is the highest-end area of the city with average household incomes of $74,000+ . The location offers nearly instant access to and viability on McGalliard Rd, the city's main commercial corridor.
$1.5M Capital Infusion Completed
A $1.5M+ capital infusion included extensive interior renovations with all new luxury-level finishes, new kitchens and baths, and new LVP flooring in 14 units. Other improvements included 100% roof replacement, hallways updates and more.
Meds and Eds
Muncie is best known for its medical and educational institutions. Ball State University boasts 22,000 students and is the state's most prestigious school for education and architecture. Ball Memorial Hospital is a teaching hospital and the city's only hospital.
Muncie, IN 47304
IRREPLACEABLE URBAN LOCATION
Millikan on Mass II is located within downtown Indianapolis along Mass Ave—the city’s #1 nightlife, dining and entertainment district. Residents are steps from a wide array of the best and most popular amenity options downtown has to offer.
OFFERED BELOW REPLACEMENT COST - $195K/UNIT
The cost to construct Millikan on Mass II in today’s market would cost significantly more than it did in 2015. According to NAHB, building materials prices increased 20.4% year over year and have risen 33% since 2020. With a pricing guidance of $195K per unit, the property is offered well below the replacement cost point.
UPSIDE POTENTIAL WITH UNDER MARKET RENTS
The property is owned by the City of Indianapolis Housing Agency which has struggled with staffing and turning units, even with an extensive waiting list. There is ample operational upside in a very strong market. Current market rents are $300-500 below nearby competing properties. The new owner could immediately raise rents organically on new leases and renewals to increase revenue.
CONVENIENT TO DIVERSE & ABUNDANT EMPLOYMENT
With award-winning employers within walking distance, the property’s location brings ‘Live-Work-Play’ to another level. The diversity of employers downtown (from tech to education and healthcare) offers a high level of stability in resident employment.
NEWER URBAN PRODUCT WITH FIRST FLOOR RETAIL
Built in 2015, the property features high-end finishes and open floor plan living with gorgeous views of Mass Ave and downtown Indy. Three popular eateries—Fat Dan’s, Goodfella’s Pizza and Salt on Mass—are convenient for residents to access on the first floor of the building.
The General Partner Interest for Millikan on Mass I (61 Units) is also be offered. More information can be downloaded from the Document Center after a Confidentiality Agreement as been executed.
Indianapolis, IN 46204
2001 BUILT ASSET OFFERED AT $199K/UNIT
Pebble Brook Village offers all new roofs, new wood trim (in process) and sought after features that compete extremely well with new construction properties. At $199K/unit, the property is offered well below similar era product that recently traded at $250K/unit.
UPSIDE POTENTIAL WITH PROVEN RENT PREMIUMS
91% of the units are mostly original to the 2001 construction, offering the opportunity to increase revenue by completing a renovation on 214 classic units and adding amenities. The 9% of units that have been renovated are achieving $360+ average rent premiums.
23%+ ORGANIC RENT GROWTH
High rent growth is being achieved at the property with a recent 23% increase on renewals and 28% or $283 average increase on new leases. These rent increases are organic (obtained on non-renovated units).
HIGHEST GROWTH & INCOME COUNTY IN THE STATE
Hamilton County boasts the highest income and growth metrics in the entire state. Noblesville offers limited competition from new construction, a highly acclaimed school district and has experienced rapid population growth of 31% since 2010.
CONNECTED TO INDY, CARMEL, FISHERS & WESTFIELD
Located in Noblesville, a high-end suburb of Indianapolis, Pebble Brook Village offers its residents easy access to Indy, Carmel, Fishers and Westfield all within a quick drive, providing tremendous employment, retail and service opportunities.
Noblesville, IN 46060
UPCOMING RELEASE FROM INCOME RESTRICTIONS
In August of 2022, Pleasant Springs will be released from the Low Income Housing Tax Credit program which restricts the income level of 100% of the units. The new owner can immediately increase rents for new residents (without restrictions) and can also raise rents for existing income restricted residents at lease renewal between $94 to $527 (on average, varying by floor plan).
ADJACENT TO TRENDY NEIGHBORHOODS
The Fountain Square and Bates-Hendricks neighborhoods are just north of Pleasant Springs, where modern new-build and rehabbed homes are selling between $400K-800K. Fountain Square is a popular destination for eclectic dining, shopping, arts and entertainment. Bates-Hendricks is an up-and-coming hot spot with unique home and existing/planned businesses. Nearby apartments are renting for significantly higher than Pleasant Springs.
WELL-BUILT PROPERTY SOLD BY ORIGINAL DEVELOPER
Pleasant Springs was well-built and is being offered free and clear by the long-term owner and original developer. The property is well-maintained and offers a diverse unit mix with spacious one-, two-, three- and four-bedroom floor plans.
CLOSE TO DOWNTOWN INDY EMPLOYMENT & AMENITIES
The location of Pleasant Springs allows for quick access to downtown Indy just under two miles away. Downtown offers abundant employment, dining, shopping and entertainment options.
Indianapolis, IN 46203
CITY'S HIGHEST-END COMMUNITY - 5% YEAR 1 CAP RATE
Built in 2020, the property’s cutting edge design with luxury unit finishes and amenities are unrivaled in the market. The forecast year 1 cap rate is 5% without the benefit of the tax abatement. Post House has been met with strong demand since lease-up.
WALKABLE LOCATION NEAR BEST AMENITIES & EMPLOYMENT
Situated in the heart of downtown Evansville near the bank of the Ohio River, Post House offers the ultimate live-work-play destination for young professionals. Residents can walk to work, local eateries, shopping, entertainment and everything in between.
17-19% RENT INCREASES ON TRADEOUT
Due to high demand at this unique property, avg. market rents on new leases and renewals for August increased by $193-237. Post House is well received by potential and current residents.
HIGH INCOME RESIDENTS | $140K+ AVG. ANNUAL INCOME
Residents at Post House are largely young professionals with high incomes in the medical/healthcare field. Since opening in 2020, only two evictions have taken place.
ADDITION OF 15 LIVE/WORK UNITS
The developer is currently in the process of converting vacant retail space to highly desirable loft style one bedroom street level units with a separate office/work area, high ceilings and expansive floor to ceiling windows with ample natural light. There isn’t a requirement for the residents to run a business from their unit.
ATTRACTIVE 17-YEAR TAX ABATEMENT
Post House is further bolstered by the Economic Development Revenue Bonds received from the city of Evansville, which significantly reduces the Real Estate Tax Liability for 17 years.
Evansville, IN 47708
CITY’s NEWEST & BEST PRODUCT
River Point West offers residents the city’s best luxury and draws in new downtown dwellers with high-end finishes from corner to corner and open floorplan living. The premium amenities provide a feeling of a lavish lifestyle with a fitness center, outdoor lounge, fire pit and pool area.
WALKABLE LOCATION IN HIGH GROWTH MARKET
River Point West is located in downtown Elkhart, an emerging neighborhood, walkable to groceries, restaurants and amenities. Located inside the city's planned "River District". Elkhart has strong market fundamentals with an impressive 11.5% yoy rent growth and average occupancy over 95% for 7+ years.
MAJOR HOUSING UNDER SUPPLY & 1.6% UNEMPLOYMENT
The city of Elkhart has a substantial undersupply of housing. Employment has grown substantially, to an unemployment rate of 1.6% - the lowest in the country, outpacing new housing. A study recent study concluded that there is a nearly 5,000-unit housing deficit in the city of Elkhart.
AFFUENT RESIDENT BASE & IMPRESSIVE LEASE-UP
River Point West residents are young and high-earning with an average income of $100,000, and 61% of residents are between the ages of 18 and 33. The successful property lease-up demonstrates the immense local demand for this product.
5% CAP RATE & FAVORABLE LOAN ASSUMPTION
River Point West is being sold subject to the assumption of the existing Freddie Mac loan with a 4.28% interest rate and 65% LTV.
Elkhart, IN 46516
FULLY UPGRADED LIVING EXPERIENCE
River West Flats has been infused with $2.4M in capital and is now fully renovated. The renovation included 100% unit upgrades, all new windows, breaker boxes, complete elevator replacement, all new amenities, common spaces and more.
IUPUI DRIVES INNOVATION
IUPUI (1.5 miles away) boasts an enrollment of 27,000+ students. 74% of the students are in-state residents with 92% of students living off campus.
OPPORTUNITY FOR NEW UNITS & AMENITIES
The acquisition of River West Flats offers the opportunity to add new amenities and additional units. New amenities will aid in competing with downtown new construction properties nearby. Additional units could be add as developable parcels included in the sale and are located in an Opportunity Zone.
5.2%+ GOING-IN CAP RATE
River West Flats offers a strong in-place return and immediate cash flow. The opportunity to own close to the urban core with a going-in cap rate of over 5%is increasingly rare.
ADJACENT TO NOTABLE EMPLOYMENT
Located adjacent to a huge concentration of hospitals (Riley, Eskenazi and University IU Heath) and just 1/2 mile southwest of 16 Tech, a 50-acre innovation district, River West Flats offers residents easy access to employment, retail and services.
FAST ACCESS TO DOWNTOWN & AMENITIES
River West Flats location allows quick access to downtown, which offers vast employment, restaurants and entertainment.
*** The adjacent Candlewood Suites Hotel is also available for sale from the same owner ***Click here for more information
Indianapolis, IN 46222
WELL PERFORMING, BEST IN MARKET ASSET
New residents are drawn to the city’s best asset with condo-quality finishes and high-end living. The community amenities provide an upscale lifestyle feel and include a resort-style pool area with a grilling pavilion and TV lounge with fireplace.
LUXURIOUS SINGLE-FAMILY FEEL
The design and layout of Sycamore Terrace provide a quiet and secluded single-family feel with features like spacious units (1,236 Avg. SF) with open floor plans, 9’ to 10’+ ceilings, ample storage, and 50% of the units offer attached direct access garages.
RENT ELEVATION WITH LIGHT UPGRADES
Sycamore Terrace could be further elevated with minor enhancements to bring the property to the next level. This will assist in driving resident appeal and increasing rental rates.
CLOSE TO AMPLE EMPLOYMENT & AMENITIES
The city’s newest major amenity—Queen of Terre Haute Casino, (500 jobs coming late 2023) is less than one mile away. Sycamore Terrace also benefits from ample adjacent retail/dining, and quick access to I-70, SR-46, diverse employment, Terre Haute Regional Airport, four colleges/universities, and downtown Terre Haute.
EXCEPTIONAL MARKET FUNDAMENTALS
The Terre Haute multifamily market shows strong rent growth at 8.7% year-over-year and an average market-wide occupancy of 97%. Additionally, there has been very limited new construction over the last five years with nothing currently in the pipeline.
CITY'S MOST AFFLUENT AREA
The property is situated in the city’s most affluent area. The average household income within one mile of Sycamore Terrace is over $101,000 with an average home value of $232,524.
Terre Haute, IN 47803
CLEAR VALUE-ADD POTENTIAL
The Sycamores is perfectly positioned for supplemental upgrades. A new owner could increase revenue by fully upgrading all units, adding washer/dryer connections, building additional units, renting storage units and extra carports, and re-purposing the tennis courts.
The current owner has completed over $1.6 Million in improvements. These include light upgrades to 105 unit interiors, 22 new roofs, new bark park, new playground, updated clubhouse, two new BBQ areas, and upgrades to the pool area.
UPSCALE, GROWING SOUTH SIDE SUBURB
Residents enjoy quick access to Downtown Indianapolis’ diverse employment options and well-performing schools. Less than two miles south is the city of Greenwood, a sought-after south suburb with a fast-growing population and high average household incomes.
PROXIMITY TO AREA'S BEST AMENITIES
The property has excellent visibility along the high-traffic Stop 11 Road. Residents benefit from quick access to US-31, Madison Avenue and SR-135—dense corridors filled with shopping, dining and entertainment options.
EXCELLENT FLOOR PLANS
The Sycamores offers spacious, open floor plans with desirable layouts in one, two and three bedroom unit styles.
Indianapolis, IN 46227
Truly Outstanding “Main & Main” Location in Fishers / Hamilton County, the Wealthiest and Fastest Growing County in Indiana. Located at 116th St & Allisonville Rd, Sanctuary has excellent visibility and is walkable to numerous retail and employment centers and restaurants.
Partially Renovated & Meticulously Maintained
This asset is extremely well maintained with over $4.6M of capital spent on unit and property upgrades. Most units have received light upgrades including flooring, lighting and crown molding.
Flawless Performance & High Growth
The steady 97% T-12 occupancy demonstrates the location and the product are in high demand. Rent growth is extremely strong with year-over-year organic rent increases are 10%.
Timeless Architecture & Sought After Features
The Sanctuary at Fishers is a 1995-built asset with excellent amenities, classic architecture and luxurious sought-after unit features including 9' ceilings, breakfast bars, in-unit washer/dryers and attached garages.
Huge Upside & REnts Below Competition
The Sanctuary at Fishers offers excellent upgrade potential. Through unit renovations, an average forecast rent premium of $290 can be achieved. These rents are still $200-$1,200 below the brand new product in the market.
Fishers, IN 46038
1989-Built Renovated Community
The current owner has spent $2.2M improving the property. Upgrades included 205 unit interiors, fitness center expansion and refresh, addition of restrooms outside near the pool area, and exterior paint on six buildings.
A new owner could operate the property as is and enjoy organic rent growth, or gain additional premiums of $136-$243 by completing a light upgrade on all units, and adding valet trash, an Amazon hub and an outdoor kitchen in the pool area.
Excellent North Side Location
The property offers convenient access to I-465 and major thoroughfares in addition to the vast employment and amenity options of Broad Ripple Village, Keystone at the Crossing, Castleton, Fort Ben and Downtown Indianapolis.
Newest Property in Submarket
Trails at Lakeside is one of the newest properties in the Broad Ripple area, and offers superior amenities, great curb appeal and a quiet atmosphere.
Strong Property Performance
Organic rent growth at the property is high at 17.5% on new leases and 12.2% on renewals. Occupancy has consistently remained above 95% for multiple years and the property has low bad debt.
Trails at Lakeside can be purchased individually, or as a portfolio with Lodge at Trails Edge, The Rail at 1380 and Salem Courthouse for a total of 1,016 units, offering immediate presence and economies of scale.
Indianapolis, IN 46220
NEW WALKABLE PRODUCT - 4.7% T-3 CAP RATE
Wesmont is a 2021-built modernistic urban community adjacent to the Monon Trail and connected to downtown. Residents can easily walk to top amenities including Bottleworks District, Mass. Ave. cultural district, coffee shops, restaurants, breweries, distilleries and more. Met with high demand, the property leased up in less than one year and is now 97% occupied and offered at a 4.7% T-3 Cap Rate.
UPSCALE & MODERN WITH UNDER MARKET RENTS
With a resort-style pool, outdoor gathering spaces, indoor lounge, fitness center, pet wash, and adjoining large soccer park/green space, PROVIDER Coffee, Tinker Street, and Hotel Tango Distillery, residents have all they need. Current Market Rates are $210+, on average, below nearby competing properties.
LUXURY UNIT INTERIORS
Unit interiors feel spacious with open concept living, 9’ ceilings and walk-in closets. Luxurious finishes include granite counters, stainless appliances, kitchen island and in-unit washer and dryer.
POPULAR, RAPIDLY EXPANDING NEIGHBORHOOD
The property is situated near expanding and historic northside neighborhoods where homes are affluent and sell for exponentially more than the MSA as a whole. New adjacent amenities include a COhatch coworking center with North High Brewery, and a splash park and playground at the O’Bannon soccer park.
FAVORABLE 10-YEAR TAX ABATEMENT
Wesmont has 10-year tax abatement in place that ends in the year 2030 offering the new owner increased cash flow. 38 Units must be leased to residents earning 60%-80% or less of Area Median Income (19 at 60% and 19 at 80%). Current Market Rents are, on average, $295+ below the Max Allowable Rents.
ATTRACTIVE EXISTING DEBT
Wesmont is being sold subject to the assumption of an attractive existing Freddie Mac loan with a 4.20% interest rate and 62% LTV and 10 years of fixed rate term.
Indianapolis, IN 46202
5.5% CAP RATE + 13% INCREASE ON LEASE TRADEOUT
WestPark is offered at a high 5.5% trailing cap rate and is a well-performing property. With organic rent growth of 13.3% on new leases in Q2 2022, 60% renewal rate year-over-year and historically high occupancy, the property is poised for a robust ROI.
$20K/UNIT RENO COMPLETED ON ALL UNITS
A $20K per unit renovation has been completed on all units. Upgrades included all new soft close modern cabinetry, granite counters, stainless steel appliances, undermount deep basin kitchen sink with spray faucet, LVT plank flooring, all new light fixtures, and two-tone paint scheme.
VIBRANT WEST SIDE EMPLOYMENT
Ideally located on the west side of Indianapolis, WestPark is visible along high-traffic 10th Street just north of the Indianapolis Int'l Airport and adjacent to fast-growing and prosperous Hendricks County. Residents can quickly access abundant major employment including prime logistics facilities and IU Health West Hospital.
POPULAR TOWNHOME LAYOUTS
The townhomes at Westpark are spacious at 1,125-1,380 square feet and feature ample closet space, private entries, washer/dryer connections, separate dining room and a patio or balcony in most units. The three-bed layouts include a bonus room on the first floor.
UPSCALE CLUBHOUSE & ATTRACTIVE AMENITIES
The two-story clubhouse recently underwent a full modern renovation with an upscale design and includes a large fitness center, kitchenette with island, and lounge with fireplace. Just outside the clubhouse is a swimming pool with expansive deck, playground and Amazon hub.
Indianapolis, IN 46214
A new owner has the opportunity to increase revenue through upgrading unit interiors with anticipated rent premiums of $165-$180.
VIBRANT Elkhart MARKET
Elkhart has experienced limited apartment development in the past 3 decades, with vacancy holding all-time lows, most communities have wait lists and rents showing consistent growth over time.
SEAMLESS EMPLOYER CONNECTIVITY
Centrally located to Elkhart / St. Joe County’s largest job centers, Woodwind and Hunters Pond provide sought-after convenience to employers in Elkhart’s main business corridor as well as a short commute to Mishawaka / South Bend.
LOW DENSITY SINGLE-FAMILY HOME FEEL
Hunters Pond offers residents a single-family neighborhood vibe. All units have in-direct access garage parking, water views and a beautiful mature wooded setting.
DESIRABLE UNIT FEATURES & AMENITIES
All units include washer and dryer machines and black appliances at both properties. Residents enjoy access to an on-site commercial gym at Woodwind, as well as a swimming pool, playground, and clubhouse.
Elkhart, IN 46516