6905 Legacy Park Dr Brownsburg, IN 46112

Listing agency Pollom Commercial Real Estate LLC

Listed by Scott Pollom Sr., CCIM · License #IN RB14019212

Source Crexi

Added: Apr 10 Updated: Jul 22 at 12:02AM Checked: Jul 22 at 12:02AM

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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.

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

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FAQs

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