Northside Heritage Collection Indianapolis, IN

Investment Highlights

• Landmark Historical Properties in Downtown Indianapolis 
• Incredibly Well-Positioned to Improve Revenues by nearly 15%
• Extremely Strong Surrounding Demographics
• Current Ownership has Invested over $9M in Renovation Costs from 2017 to 2020
• Turnkey Properties at a Fantastic Basis
• Offered Free & Clear or with Assumable Debt

Landmark Historical Properties in Downtown Indianapolis  

Nestled within the picturesque Old Northside historic district, Maryden on Central offers a charming ambiance and a strategic location close to Indianapolis’ finest dining, nightlife, and attractions. This combination makes it the perfect choice for those who want tranquility as well as an urban lifestyle. Each meticulously curated apartment within this elegant, early 20th-century structure has been renovated. This includes bespoke, upscale finishes and designer kitchens that epitomize modern luxury. Additionally, Maryden on Central showcases an outdoor gathering and leisure space masterfully crafted by the locally acclaimed architect Green 3, providing tenants an enviable outdoor sanctuary nestled in the heart of the city.

Listed on the National Register of Historic Places and situated in the historic St. Joseph neighborhood, the recently revitalized Wyndham Apartments pays homage to Indianapolis’ rich history while paving the way for investors to participate in its promising future. The Tudor Revival-style architecture offers tenants a private sanctuary within exquisitely designed one- or two-bedroom apartments, each showcasing lavish amenities and style. Wyndham Apartments also offers an upscale fitness center and communal lounge and is conveniently located steps away from the finest restaurants, nightlife, and attractions that Indianapolis has to offer.

Priscilla Apartments offers boutique living, nestled within a historic building in the charming Old Northside district. The recently refurbished studio apartments flawlessly meld iconic Art Deco elements with contemporary fixtures and finishes. Additionally, the Priscilla Apartments offer a top-tier fitness center and communal lounge right on the premises. Located within one of the city’s most sought-after and pedestrian-friendly neighborhoods, Priscilla apartments specializes in pet-friendly studio apartments.

Extremely Strong Surrounding Demographics

Indianapolis, Indiana has been one of the fastest growing cities in the Midwest. Currently, the population in Indianapolis MSA is nearly 890,740 residents, while the unemployment rate–which is consistently lower than the national average—sits at roughly 3.3%.

The surrounding demographic profile reflects an educated, growing population that lives, works, and plays in the desirable downtown Indianapolis area. With these exceptional demographics, companies are attracted to the high quality of life and the educated labor force the area offers, which will continue to provide a steady stream of qualified residents to the asset.

Incredibly Well-Positioned to Improve Revenues by Nearly 15%  

By moving rents to market, revenues can be grown by nearly 15% in the first year of ownership. Additionally, with current controllable expenses at $5,900/unit, well above market averages, the opportunity to streamline expenses allows for tremendous upside.