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Windmill Apartments 10705 E Us-136 33 Unité Immeuble d’appartements 4 299 797 $ CAD (130 297 $ CAD/Unité) 7,80% Taux de capitalisation Indianapolis, IN 46234
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Faits saillants de l'investissement
- More than $550K in CAPEX over the past three years, including approximately $190K in interior renovations to 28 units, $200K to 4 new units, and more
- Located within the highly regarded Brownsburg Community School Corporation, ranked #4 Best School District in Indiana for 2024 by Niche
- ?Major employers within 10 miles include Amazon, UPS, Salesforce, and Eli Lilly and Company
- Situated in a high-performing submarket near Avon and Brownsburg. From 2021 to 2023, these submarkets achieved 7.3% and 8.5% annual rent growth
- Just three miles from the property, nearly 5.3M sqft of industrial space is operational, with an additional 1.5M sqft under construction
Résumé de l'annonce
Marcus & Millichap is pleased to exclusively present Windmill Apartments, a 33-unit multifamily property located in the western suburbs of Indianapolis, just east of Brownsburg, Indiana.? Built in 1980, the property consists of three buildings with fifteen (15) studio units, seventeen (17) one-bedroom units, and one (1) two-bedroom unit.?
Current ownership has invested more than $550,000 in capital improvements over the past three years, including approximately $190,000 in interior renovations to 28 units, $200,000 to construct four (4) new units, $27,000 for two new boilers and one new furnace, and $160,000 in exterior and common area upgrades.? Improvements include new signage, gutters, landscaping, mailboxes, parking lot repaving, an internet/TV package, and renovated hallways, positioning the property in excellent condition for future appreciation.?
Windmill Apartments is situated in a high-performing submarket near Avon and Brownsburg.? From 2021 to 2023, these submarkets achieved 7.3% and 8.5% annual rent growth, outpacing both Indianapolis and national averages.? The property is located within the highly regarded Brownsburg Community School Corporation, ranked #4 Best School District in Indiana for 2024 by Niche.? Just three miles from the property, nearly 5.3 million square feet of industrial space is operational, with an additional 1.5 million square feet under construction.? Major employers within 10 miles include Amazon, UPS, Salesforce, and Eli Lilly and Company.? Nearby attractions such as Eagle Creek Park, Indianapolis Motor Speedway, and Lucas Oil Indianapolis Raceway Park enhance resident appeal.?
Windmill Apartments offers a rare high-cash-flow opportunity with significant upside.? New ownership can focus on operations rather than deferred maintenance, with the ability to renovate five remaining units, capture approximately 6% below-market rents, and utilize excess land for additional units or community amenities.? Combining strong in-place cash flow, excellent condition, and a desirable Indianapolis location, Windmill Apartments represents a compelling investment opportunity.?
Current ownership has invested more than $550,000 in capital improvements over the past three years, including approximately $190,000 in interior renovations to 28 units, $200,000 to construct four (4) new units, $27,000 for two new boilers and one new furnace, and $160,000 in exterior and common area upgrades.? Improvements include new signage, gutters, landscaping, mailboxes, parking lot repaving, an internet/TV package, and renovated hallways, positioning the property in excellent condition for future appreciation.?
Windmill Apartments is situated in a high-performing submarket near Avon and Brownsburg.? From 2021 to 2023, these submarkets achieved 7.3% and 8.5% annual rent growth, outpacing both Indianapolis and national averages.? The property is located within the highly regarded Brownsburg Community School Corporation, ranked #4 Best School District in Indiana for 2024 by Niche.? Just three miles from the property, nearly 5.3 million square feet of industrial space is operational, with an additional 1.5 million square feet under construction.? Major employers within 10 miles include Amazon, UPS, Salesforce, and Eli Lilly and Company.? Nearby attractions such as Eagle Creek Park, Indianapolis Motor Speedway, and Lucas Oil Indianapolis Raceway Park enhance resident appeal.?
Windmill Apartments offers a rare high-cash-flow opportunity with significant upside.? New ownership can focus on operations rather than deferred maintenance, with the ability to renovate five remaining units, capture approximately 6% below-market rents, and utilize excess land for additional units or community amenities.? Combining strong in-place cash flow, excellent condition, and a desirable Indianapolis location, Windmill Apartments represents a compelling investment opportunity.?
Faits sur la propriété
| Prix | 4 299 797 $ CAD | Style d’appartement | De faible hauteur |
| Prix par unité | 130 297 $ CAD | Classe d’immeuble | C |
| Type de vente | Investissement | Taille du lot | 2,70 AC |
| Taux de capitalisation | 7,80% | Taille du bâtiment | 18 150 pi² |
| Nombre d’unités | 33 | Occupation moyenne | 97% |
| Type de propriété | Immeuble residentiel | Nombre d’étages | 2 |
| Sous-type de propriété | Appartement | Année de construction/rénovation | 1980/2023 |
| Prix | 4 299 797 $ CAD |
| Prix par unité | 130 297 $ CAD |
| Type de vente | Investissement |
| Taux de capitalisation | 7,80% |
| Nombre d’unités | 33 |
| Type de propriété | Immeuble residentiel |
| Sous-type de propriété | Appartement |
| Style d’appartement | De faible hauteur |
| Classe d’immeuble | C |
| Taille du lot | 2,70 AC |
| Taille du bâtiment | 18 150 pi² |
| Occupation moyenne | 97% |
| Nombre d’étages | 2 |
| Année de construction/rénovation | 1980/2023 |
Commodités
Commodités des unités
- Climatisation
- Cuisine
- Réfrigérateur
- Four
- Fourchette
Commodités du site
- Accès 24 heures
- Installations de lessive
- Recyclage
- Sans ascenseur
- Détecteur de fumée
Unité renseignements sur le mélange
| Description | Nombre d’unités | Loyer moyen/mois | pi² |
|---|---|---|---|
| Studios | 15 | 1 060 $ CAD | 250 - 500 |
| 1+1 | 17 | 1 373 $ CAD | 700 |
| 2+2 | 1 | 1 895 $ CAD | 1 000 |
Relativement accessible à pied
20/100
Exceptionnellement adapté aux voitures
100/100
Inaccessible en vélo
10/100
Impôts fonciers
| Numéro de lot | 32-08-20-250-005.000-015 | Évaluation des bâtiments | 1 665 921 $ CAD |
| Évaluation du terrain | 355 055 $ CAD | Évaluation totale | 2 020 976 $ CAD |
Impôts fonciers
Numéro de lot
32-08-20-250-005.000-015
Évaluation du terrain
355 055 $ CAD
Évaluation des bâtiments
1 665 921 $ CAD
Évaluation totale
2 020 976 $ CAD
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Windmill Apartments | 10705 E Us-136
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