Sturges Property Group has been appointed the exclusive agent for the sale of the Marion Apartment Community, an age-restricted (55+) multifamily property located at 1511 W 31st Street in Marion, Indiana. The 14-unit community is currently operating at 100% occupancy across two buildings, offering investors immediate and stable cash flow.
The community features a desirable unit mix with a majority of units including front-facing garages and in-unit laundry in every unit. Tenants are separately metered for utilities, limiting landlord expense exposure, with water and sewer service provided by the Landlord.
This offering presents investors with the opportunity to acquire a stabilized, well-maintained multifamily asset in a strong North-Central Indiana rental market, with upside potential through future rental rate growth.
Broker’s Note: Please do not visit the property or disturb tenants.