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7975 Red Mill Drive, Indianapolis, IN 46226

Commercial property for sale

  • Description
  • INVESTMENT RATIONALE Summit Realty Group has been retained as the exclusive investment advisor in the sale of Red Mill Apartments, a 164-unit community located in Indianapolis, Indiana. Red Mill is comprised of unique, low-density, walk-up buildings in a park-like setting. The property has the advantage of washer and dryer hookups in 80% of the units. Red Mill enjoys 93% occupancy and an 83% renewal rate. INVESTMENT HIGHLIGHTS THE OPPORTUNITY The acquisition of Red Mill presents the opportunity to purchase a stabilized REO asset at less than $17,000 per unit. VALUE ADD OPPORTUNITY The current occupancy at Red Mill is 93%, allowing for unit upgrades and rental increases. The property has a significant number of senior residents, and lends itself to being converted to a dedicated senior community. LOCATION Walmart recently constructed their new concept
  • Property Details
  • Property Type: Multifamily
    Use Types: Low-Rise/Garden
    Status: Available
    Price: $ 16,768 +/Unit
    MSA: Indianapolis-Carmel
    Zoning: C2
    Buildings: 1
    Terms: Cash to Seller
    Added: 01/06/2012
    Last Update: 02/10/2012
  • Contact info
  • 317-269-1000 [Office]
  • Note

  • Details Info about this row that located on 7975 Red Mill Drive, Indianapolis, IN 46226 was got from trusty sources, but All Foreclosures Homes can't guarantee that details about listing price, status, facts, images and owner are correct, because this listing can be changed or removed from market without notice. If You need to receive additional details about this property try to ask directly listing agent or owned.

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