Investment Overview

Marcus & Millichap is pleased to exclusively present the Windmill Apartments, located in the Western suburbs of Indianapolis, Indiana, between Brownsburg and Avon. This multifamily property consists of three buildings and 33 units, including fifteen studio units, seventeen one-bedroom units, and one two-bedroom unit. The property was built in 1980, and includes four newly constructed units that were built in 2023. Current ownership has spared no expense in enhancing the property, completing roughly $190,000 in interior renovations on 28 of the 33 units and $92,000 in exterior renovations, such as new signage, gutters, landscaping, mailboxes, and repaving of the parking lot. These renovations have not only improved the aesthetics but also the functionality and comfort of the units, making them more appealing to potential residents. In total, over $550,000 in CAPEX projects have been completed at Windmill Apartments in the past three years, ensuring that the property is in top condition and poised for future appreciation.