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Capstone Apartment Partners and Bradley Company are pleased to present Sherwood Lake, a rare opportunity to attain a critical mass of 576 units in the Northwest Indiana submarket of the Chicago MSA. Located in Indiana’s second largest urban area, and just 30 miles southeast of downtown Chicago, the Sherwood Lake community provides an easy commute to the business and employment centers of the Chicagoland area. While current ownership has done an excellent job maintaining the sprawling 46-acre property, there is considerable upside to be realized by implementing an interior unit upgrade program and billing back water and sewer expenses, as a means to bridging the $300-$500 gap between Sherwood and some rental competitors. Offering new ownership the opportunity to invest with scale, investors will have the chance to purchase a consistent and increasing revenue stream to secure very attractive “in-place” cash returns, leveraging off the strength of the submarket and lack of competition.
