Current Investments

Park Madison Apartments

real estate investing san diego

Park Madison

Investment Information

Address: 614 Park Madison Drive Greenwood, IN 46142
Asset Class: Multifamily, Conventional
Size: 56 units
Year Built: 2004
Acquisition Date: January, 2017
Acquisition Cap Rate: 6.8%

Description:
Situated just 15 minutes south of Indianapolis, Park Madison Apartments is comprised of 7 two-story multifamily apartment buildings located on approximately three acres of land. The community consists of 56 two-bedroom floor plans totaling 64,400 rentable square feet for a generous 1,150 square feet of living space per apartment. Property amenities include built-in microwaves, washers/dryer connections, private patios and balconies, walk-in closets, and ample off street parking.

The Opportunity:
Park Madison provides investors with the unique opportunity to acquire real estate below replacement cost in a growing secondary market. With rents in the Indianapolis market expected to expand by 3.5% in 2017, Park Madison will continue to provide our investors with solid, conservative revenue growth. This investment is currently generating annualized cash flow in excess of 10%.