Marcus & Millichap is pleased to present the Indy Town Apartments, a 412-unit apartment portfolio in Indianapolis, Indiana. The portfolio consists of four properties in the eastside of Indianapolis, located near the Community Heights and Arlington Woods neighborhoods. Every property is less than 10 minutes from other assets in the portfolio. The unit mix is primarily two-bedroom units, with 41 one-bedrooms and 371 two-bedrooms. All units were renovated in 2019. Since then, 181 of the units have received additional upgrades, and 73 of the units have been completely renovated. The portfolio is offered with attractive assumable financing. There is currently nearly 6 years remaining on Agency Financing with a 30-year amortization and a fixed interest rate of 2.81 percent. The existing balance also allows the prospective Buyer to acquire the portfolio with an approximately 20 percent down payment. Hence, the debt is better-than-market both on interest rate and leverage, allowing for very strong cash returns. The Indy Town Apartments provides the opportunity to acquire over 400 units in one of the strongest rent growth markets in the nation over the past few years. The portfolio is offered at an attractive basis, allowing the prospective investor to immediately acquire scale in Indianapolis at a price per unit lower than multiple nearby comparable sales.