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Capstone is pleased to present Oxford Terrace Apartments, a 40-unit garden-style community located in the Martindale-Brightwood neighborhoods of Indianapolis, offering a prime location just 15 minutes away from downtown Indianapolis. The new owners of this property can tap into a pool of professionals seeking an easy commute to the urban center. With a blend of renovated units commanding favorable premiums from recent capital improvement projects, the new owners have the choice of either continuing a profitable value-add program or taking advantage of the remarkable 6.1% organic rent growth in the Indianapolis MSA. Oxford Terrace Apartments presents an appealing opportunity for investors entering the market for the first time or looking to expand their existing presence in Indianapolis.
High Potential Asset with Significant Recent Capital Expenditure
Indianapolis MSA Boasts Top-3 Rent Growth
Short Commute to Major Employers, Local Universities, and Indianapolis’ Urban Core
Close Proximity to Major Revitalization Effort
Several Available Opportunities to Increase Revenue
Guidance: $50k/door or $2.00mm
Seller Would Entertain Financing Terms