Log In/Sign Up
Your email has been sent.
5500 S Emerson Ave
Indianapolis, IN 46237
Mansfield & Coventry · Multifamily Property For Sale
·
66 Units
Investment Highlights
- 2000's Vintage Townhome Product - Rare, condo-quality construction with large floorplans and attached garages
- ?Proximity to Major Employment Drivers - Near Eli Lilly, Amazon logistics hubs, and IU Health
- ?Proven Value-Add with Remaining Upside - 34 of 66 units have been renovated achieving $200/mo rent premiums
- ?Attractive In-Place Yield - Day-one 6.1% cap rate with upside through continued renovations
Executive Summary
OM & Deal Room:
https://www.?marcusmillichap.?com/properties/303713/coventry-park-mansfield-village
Marketing Description:
Marcus & Millichap is pleased to present Coventry Park and Mansfield Village Townhomes, a two-site, 66-unit portfolio in Indianapolis's south side.? Coventry Park (30 Units) was constructed in 2008 while Mansfield Village (36 Units individually parceled) was constructed in 2004.? Located approximately 15 minutes from each other, both locations have a nearly 50/50 mix of large 2-and 3-bedroom townhomes with attached 1- or 2-car garages per unit.? Each unit offers a spacious floor plan; either 1,335 square feet for 2-berooms or 1,650 square feet for 3-bedrooms.? Additional features contain condo-quality living spaces with vaulted living room ceilings, full-size washer/dryer connections, walk-in closets, pantries, private patios, and private driveways with attached garages.?
https://www.?marcusmillichap.?com/properties/303713/coventry-park-mansfield-village
Marketing Description:
Marcus & Millichap is pleased to present Coventry Park and Mansfield Village Townhomes, a two-site, 66-unit portfolio in Indianapolis's south side.? Coventry Park (30 Units) was constructed in 2008 while Mansfield Village (36 Units individually parceled) was constructed in 2004.? Located approximately 15 minutes from each other, both locations have a nearly 50/50 mix of large 2-and 3-bedroom townhomes with attached 1- or 2-car garages per unit.? Each unit offers a spacious floor plan; either 1,335 square feet for 2-berooms or 1,650 square feet for 3-bedrooms.? Additional features contain condo-quality living spaces with vaulted living room ceilings, full-size washer/dryer connections, walk-in closets, pantries, private patios, and private driveways with attached garages.?
Property Facts
| Sale Type | Investment | Lot Size | 0.03 AC |
| No. Units | 66 | Building Size | 98,190 SF |
| Property Type | Multifamily | Average Occupancy | 89% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Townhome | Year Built | 2000 |
| Building Class | B |
| Sale Type | Investment |
| No. Units | 66 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | B |
| Lot Size | 0.03 AC |
| Building Size | 98,190 SF |
| Average Occupancy | 89% |
| No. Stories | 2 |
| Year Built | 2000 |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer Hookup
- Heating
- Security System
- Ceiling Fans
- Kitchen
- High Speed Internet Access
- Range
- Tub/Shower
- Walk-In Closets
- Carpet
- Dining Room
- Loft Layout
- Vinyl Flooring
- Window Coverings
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1.5 | 13 | $2,500 CAD | 1,335 |
| 3+2.5 | 32 | $2,763 CAD | 1,650 |
| 2+2.5 | 21 | $2,507 CAD | 1,335 |
Property Taxes
| Parcel Number | 49-14-24-117-137.000-500 | Improvements Assessment | $200,393 CAD |
| Land Assessment | $4,974 CAD | Total Assessment | $205,368 CAD |
Property Taxes
Parcel Number
49-14-24-117-137.000-500
Land Assessment
$4,974 CAD
Improvements Assessment
$200,393 CAD
Total Assessment
$205,368 CAD
1 of 6
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
