6220 E 11th St, Indianapolis, IN 46219 - multi-family property

Detailed information about multi-family property which situated in Indianapolis (46219) city, Indiana state on 6220 E 11th St.

Additional Information: Summit Realty Group has been retained as the exclusive investment advisor in the short sale of the Bradford Square Apartments, a 33-unit distressed property located in Indianapolis, Indiana. Tours will be conducted by appointment only. The acquisition of Bradford Square presents the opportunity to purchase an all-brick community with recent capital improvements including new windows and roofs. Value creation lies in the rehab of down units and stabilization. Bradford Square Apartments is located near the intersection of 10th Street and Arlington Avenue. It is in a quiet residential setting near very well maintained single-family homes. Downtown Indianapolis is a short drive from Bradford Square, just 6 miles to the west. The community is well-located with respect to Indianapolis’ interstate system, making the travel through and around the city convenient. Washington Square Mall, anchored by Target, Sears and Dick’s Sporting Goods, is less than four miles east of the property. Only a short distance from Bradford Square are a number of banks, grocery stores, retail centers and restaurants as well. Offering Price $515,000 Price per Unit $15,606 Cap Rate (stabilized NOI) 13.0% Number of Residential Units 33 Number of Floors 2.5 Net Rentable Area + 28,710 SF Acreage + 1.4 Acres Year Built 1964