PROPERTY SUMMARY
Ownership:
OEI Inc.
Property Type:
Apartments
Property Addresses:
3520, 3528, and 3534 Fall Creek Parkway
3605/3609 & 3606/3610 Balsam Avenue
3516, 3530, and 3540 Balsam Avenue (Vacant Lots)
Parcel Numbers:
1-005792, 1-005793 & 1-078342, 1-028339, 1-0733873
Gross Building Area:
3520 - 3534 Fall Creek Parkway: 22,945 SF
3605/3609 Balsam Avenue:
20,500 SF
3606/3610 Balsam Avenue:
20,500 SF
Total SF:
63,945 SF
Number of Buildings:
Five
Number of Stories:
Two-Story
Investment Class:
Class C - Vintage Walk-Up Apartments
Construction Type:
Wood Frame with Brick Exterior
Condition of Improvements:
The buildings are in Good condition.
Years Built:
1925 - Renovated in 2004 and 2005
Site Size:
3520 - 3534 Fall Creek Parkway: 1.32 Acres
3605/3609 Balsam Avenue:
0.30 Acres
3606/3610 Balsam Avenue:
0.32 Acres
1.94 Acres
Land to Building Ratio:
1.32 to 1
Frontage Characteristics:
Along Fall Creek Parkway and Balsam Avenue
Zoning:
D-8, Dwelling District (Legal, Non-Conforming)
Utilities:
All Public Utilities Available & Connected
Flood Zone:
Zone X (Like Zone C), No Flood Insurance Required
Panel Number / Map Date:
180159 0134 E / dated January, 2001
Estimated 2006 NOI:
$ 291,583
Capitalization Rate:
9.4 Percent
THE VILLAGE AT FALL CREEK AND MONON COURT APARTMENTS
PAGE 5
CORRELL COMMERCIAL
7399 North Shadeland Avenue Indianapolis, Indiana 46250
www.richcorrell.com
Tel: 317-842-0007
Fax: 317-842-0008
Mobile:317-507-0009
