Marcus & Millichap is pleased to present the exclusive offering of Aerie Apts Portfolio, 63 units across two early-1960s communities one mile apart on Indianapolis' east side: The Aerie on 11th (33 units) and The Aerie on Washington (30 units). Currently 79 percent occupied, straightforward lease-up carries NOI from $254,000 in-place T12 to a $337,000 pro forma, expanding the cap rate from the mid-6 percent range to a stabilized 8.5 percent to 9.3 percent with five-year IRRs in the high-teens to low-20s. Ownership is also in talks to house incoming data-center construction crews, generating a near-term rent tailwind. Both communities sit in Irvington on Indianapolis' east side, which is one of the city's most walkable historic neighborhoods. The Aerie on Washington fronts Washington Street, the historic National Road commercial corridor, near local restaurants, shops, and parks, with The Aerie on 11th a mile north. Both reach downtown Indianapolis in about fifteen minutes via Interstate 70, and a funded streetscape project continues to upgrade the corridor.