317-728-8854
5500 S Emerson Ave, Indianapolis, IN for Sale
Apartments - FOR SALE
1/5
null | Request Cap Rate

5500 S Emerson Ave
Indianapolis, IN 46237
Hill Valley


HIGHLIGHTS

  • 2000's Vintage Townhome Product - Rare, condo-quality construction with large floorplans and attached garages
  • ?Proven Value-Add with Remaining Upside - 34 of 66 units have been renovated achieving $200/mo rent premiums
  • ?Proximity to Major Employment Drivers - Near Eli Lilly, Amazon logistics hubs, and IU Health
  • ?Attractive In-Place Yield - Day-one 6.1% cap rate with upside through continued renovations

OVERVIEW

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.?

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

66

CAP RATE

Request Cap Rate

% LEASED

89%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Mansfield & Coventry

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2000

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.03 AC

LAND SF

1,307 SF

ZONING

-

APN/PARCEL ID

49-14-24-117-137.000-500

ASK ABOUT THIS PROPERTY

Aaron KuroiwaMarcus & MillichapMore Info
317-728-8854

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Aaron KuroiwaMarcus & MillichapMore Info
317-728-8854

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.