- Proven Value-Add Strategy Designed To Drive Outsized Returns
- Upside Potential On 68% Of Units | Average Premiums Of $143+
- Significant Rent Growth At The Asset Level And In The Submarket
- Located In Award-Winning Pike Township School District
- Proximate To Key Demand Drivers And Arterials
- Offered Free And Clear Of Existing Debt
Proven Value-Add Strategy for Substantial Returns on the Investment
The Park at Eagle Creek has realized substantial returns from moderate unit amenity modernizations already proven at the asset level. New ownership has the extraordinary opportunity to benefit from the success of the current business plans, which enables the ability to capture significant rent upside and drive outsized returns.
Upside Potential on Roughly 68% of Units | Average Premiums of $143+
The Park at Eagle Creek provides investors with the remarkable opportunity to capture tremendous upside level. Current ownership has proven the value-add concept with renovating 77 of the 240 units to achieve an average rent premium of $143 per unit per month.
Continuation of the exemplified renovations in combination with the existing competitive amenity package will give a new investor the opportunity to execute on the remainder of the proven value add strategy and push annual revenue $412,236!
Significant Rent Growth at the Asset Level and in the Marion County Submarket
Rental rates at the asset level are up nearly $100 per month on average, based on a 90-day lease trend. Not only does this directly reflect the desirability of the asset, it’s also consistent with the explosive growth in the area with the booming northwest Marion County submarket experiencing rent increases of 11% YOY.
