The Village at Fall Creek & Monon Court
Indianapolis, Indiana
The Village at Fall Creek Apartments (pictured above) consist of three walk-up, vintage style buildings
that contain a total of
28 studio, one bedroom, and two bedroom apartment units. The
buildings were originally built in 1925 and have a combined total gross area of approximately
22,945
SF. These three buildings have been fully renovated and are occupied by market rate tenants. The
Monon Court Apartment buildings are pictured above right. These two buildings are similar in design
to each other and are located across the street from one another. Each building contains 30 to 31
units comprised of
5-7 studio apartments and 26 one bedroom apartments. The buildings were
originally built in 1925 and
each one has a total gross area of approximately 20,500 SF. These
properties are located along Balsam Avenue, on the same block as the other buildings. The buildings
are managed, leased, and for sale as a package.
Summary
· 9.4% Cap Rate
· Five Apartment Buildings
· 81 Renovated Units
· 63,945 Gross Building SF
· Full renovation in 2004/2005
· 99% Occupancy
· On Site Laundry
· Vacant Lot for Parking
APARTMENT PROPERTY OFFERING
$3,100,000
Contact:
Rich Correll
Principal
T - 317-842-0007
M -
317-507-0009
F - 317-842-0008
rcorrell@rcorrell.com
www.richcorrell.com
