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Park Forest Apartments 4521 Park Forest Ct 112 Unit Apartment Building For Sale Indianapolis, IN 46226
Investment Highlights
- The Park Forest Apartments are a 112-unit multifamily complex offering spacious two-bedroom units.
- Located just 10 minutes away, Fort Harrison State Park is a haven for nature enthusiasts, offering tranquil picnic areas and jogging trails.
- The site enables access to large employment bases and quick commutes to nearly all of Indianapolis.
- The Lawrence area is experiencing exciting growth transforming into a lively and dynamic community.
Executive Summary
XMark Midwest is pleased to offer Park Forest Apartments, a 112-unit apartment community located in Northeast Indianapolis. Built in 1961, the property consists of 13 two-story buildings situated on a 7.98-acre site. Park Forest Apartments offers 112 two-bedroom units, each with a private patio or balcony. The units boast large floor plans with spacious closets, washer/dryer hookups, nicely equipped kitchens, and central heating and cooling.
Park Forest is situated in Indianapolis's lively Devington/Lawrence area, just 5 minutes from I-465 and the bustling Pendleton Pike retail and industrial corridor. Located about 20 minutes northeast of downtown Indianapolis, the neighborhood provides convenient access to I-465, making commuting to various parts of the city quick and easy. Its close proximity to Pendleton Pike connects residents to a significant employment hub, with abundant retail and industrial job opportunities along the expanding corridor.
Park Forest is situated in Indianapolis's lively Devington/Lawrence area, just 5 minutes from I-465 and the bustling Pendleton Pike retail and industrial corridor. Located about 20 minutes northeast of downtown Indianapolis, the neighborhood provides convenient access to I-465, making commuting to various parts of the city quick and easy. Its close proximity to Pendleton Pike connects residents to a significant employment hub, with abundant retail and industrial job opportunities along the expanding corridor.
Property Facts Under Contract
| Sale Type | Investment | Lot Size | 7.98 AC |
| No. Units | 112 | Building Size | 103,936 SF |
| Property Type | Multifamily | Average Occupancy | 73% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1961 |
| Building Class | B | Parking Ratio | 1.92/1,000 SF |
| Zoning | ZO01 | ||
| Sale Type | Investment |
| No. Units | 112 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 7.98 AC |
| Building Size | 103,936 SF |
| Average Occupancy | 73% |
| No. Stories | 2 |
| Year Built | 1961 |
| Parking Ratio | 1.92/1,000 SF |
| Zoning | ZO01 |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Disposal
- Microwave
- Washer/Dryer Hookup
- Heating
- Refrigerator
- Oven
- Range
- Dining Room
- Lawn
- Wheelchair Accessible (Rooms)
Site Amenities
- 24 Hour Access
- Property Manager on Site
- Wi-Fi
- Maintenance on site
- Online Services
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 112 | $1,561 CAD | 928 |
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 49-07-14-114-001.000-401 | Improvements Assessment | $3,213,500 CAD |
| Land Assessment | $663,943 CAD | Total Assessment | $3,877,443 CAD |
Property Taxes
Parcel Number
49-07-14-114-001.000-401
Land Assessment
$663,943 CAD
Improvements Assessment
$3,213,500 CAD
Total Assessment
$3,877,443 CAD
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Park Forest Apartments | 4521 Park Forest Ct
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