Stabilized Apartment
For Sale
Contact for pricing
6905 Legacy Park Dr, Brownsburg, IN 46112
Newly built 250-unit apartment community is offered stabilized near I-70 and I-74 with an assumable 223(a)(7) loan.
Property SizeContact for details
Days on Market135
Property Features for 6905 Legacy Park Dr
General Information
Standard status
Active
Property subtype
Multifamily
Additional Details
Highway Access
Yes
Multifamily Units
250
Building Details
Tenancy
Multi
Listing Agency:
Pollom Commercial Real Estate LLC
Listed By:
Scott Pollom Sr., CCIM · License #IN RB14019212
Source:
Crexi
Added: Apr 10
Changed: Aug 8
Last Checked: Jul 22 at 12:02AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Pollom Commercial Real Estate LLC
Investment Insights
Based on property information with market context.
Cushman & Wakefield presents an exclusive listing for the Legacy Park apartment community, a newly built, stabilized property totaling 250 units. The offering includes a new 223(a)(7) loan that can be assumed, with terms listed as approximately a 3.59% interest rate, 0.5% annual MIP, and a 35-year fully amortizing structure on a non-recourse basis. The approximate loan balance provided is $20,040,300.
The property is located in the northwest suburbs of Indianapolis, positioned close to I-70 and I-74, about halfway between Brownsburg and Avon. The community is described as operating within a growing residential area near employment and retail centers, supported by an excellent school system.
Legacy Park is offered as a stabilized asset within a popular submarket, with the provided remarks characterizing the community as competing for top-of-market rents and offering both immediate returns and long-term investment growth.
The property is located in the northwest suburbs of Indianapolis, positioned close to I-70 and I-74, about halfway between Brownsburg and Avon. The community is described as operating within a growing residential area near employment and retail centers, supported by an excellent school system.
Legacy Park is offered as a stabilized asset within a popular submarket, with the provided remarks characterizing the community as competing for top-of-market rents and offering both immediate returns and long-term investment growth.
Key Highlights
- Newly built 250‑unit apartment community in the northwest suburbs of Indianapolis, Indiana
- Close to I‑70 & I‑74, about halfway between Brownsburg and Avon
- Stabilized multifamily asset described as competing for top‑of‑market rents
Property Analytics
Current Use
Lease Details
250
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
53
Businesses Nearby
Explore this area
Business Placement
Demographics for 46112, IN
41,562
Population
15,790
Households
2.6
Avg Household Size
38
Median Age
48%
College-Educated
96%
High-School Grad
42.1 sq mi
ZIP Area
987
Density / Sq Mi
$113,293
Median Household Income
$57,619
Median Earnings
$1,394
Median Rent
$295,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Apartment building - Newly built 250-unit apartment community is offered stabilized near I-70 and I-74 with an assumable 223(a)(7) loan.
Where is this apartment building located?
The property is located at 6905 Legacy Park Dr Brownsburg, IN.
What are key features of this property?
This property features: Newly built 250‑unit apartment community in the northwest suburbs of Indianapolis, Indiana; Close to I‑70 & I‑74, about halfway between Brownsburg and Avon; Stabilized multifamily asset described as competing for top‑of‑market rents
