Investment Overview

Marcus & Millichap has been selected to exclusively market for sale the Indiana Ave Apartments in Sellersburg, IN. This offering will allow a potential investor to purchase a rare value-add investment opportunity located in the Louisville, KY MSA. Indiana Ave Apartments is a 16-unit value-add opportunity located just 8 miles north of Louisville in growing Sellersburg, IN, with easy access to I-65. The property offers strong tenant demand and rents averaging $176 below market. Recent capital improvements total $80,000±, including unit remodels, HVAC and roof replacements, and driveway repaving. All units are slab-built with in-unit washers and dryers. Utilities are investor-friendly with individual electric meters and three water meters. With copper wiring, PVC plumbing, and a prime suburban location, this asset offers both stability and upside. Offers should be presented in the form of a non-binding Letter of Intent, spelling out the significant terms and conditions of the Purchaser’s offer including, but not limited to: 1) asset pricing, 2) due diligence and closing time frame, 3) earnest money deposit, 4) a description of the debt/equity structure, and 5) qualification to close. The purchase terms shall require all cash to be paid at closing. AT NO POINT SHOULD TENANTS OR STAFF BE CONTACTED REGARDING THE SALE OF THE INDIANA AVE APARTMENTS.