Address: 1300 S 18th St, Richmond, IN 47374, USA
Created date: August 21, 2024
Date last updated: September 3, 2024
- CALL FOR OFFERS | SEPTEMBER 13th
- Offered with Assumable Debt at 3.95% or Free & Clear
- 1990 build product in a low market-rate supply environment
- 1 hour drive to both Indianapolis, Indiana & Dayton, Ohio
- Amenities include a pool, playground, bark park & volleyball court
- Value-add via minor cosmetic renovations
- Ideal unit mix of two & three-bedrooms
- On site laundry facilities
Property Description
Ivy Green Apartments offers a unique blend of comfort, convenience, and community, making it an attractive choice for a potential buyer. Insulating Ivy Green from competition is the lack of market-rate multifamily in Richmond, apparent in the historically high occupancy with current management. The property could benefit from minor cosmetic renovations to enhance the asset even further. Residents benefit greatly from its strategic location near education, entertainment, and retail corridors offering grocers, shops, dining, and employment drivers. As a community-oriented environment, Ivy Green Apartments presents a compelling investment opportunity offered with assumable debt or free & clear.