Investment Overview

Dover Place is a 55-unit multifamily community comprising a diverse unit mix of nine studios, 36 one-bedroom/one-bath units, and 10 two-bedroom/one-bath units. This balanced configuration appeals to a broad renter demographic—from young professionals and singles to working-class couples and small families—contributing to long-term stability and reduced vacancy risk. Strategically positioned in the growing market of Madison, Indiana, this asset offers a rare opportunity to acquire a well-located property at an attractive basis. With current rents trailing market comparables, there is a clear value-add path: rental comps indicate a $145 per unit monthly upside, presenting meaningful potential for income growth via targeted renovations and strategic rent repositioning. For a multifamily investor, Madison, IN, presents a compelling opportunity driven by a blend of industrial strength, infrastructure investment, and a stable rental market. Anchored by long-standing employers like Grote Industries, Arvin Sango, and the King’s Daughters’ Health system, Madison benefits from a diversified employment base rooted in advanced manufacturing, healthcare, and logistics. Recent major investments—including the $21 million expansion of the Madison Railroad and ongoing industrial park developments—signal a community committed to growth. With a high quality of life, charming historic downtown, and strong workforce demand, Madison supports consistent rental needs from both blue-collar families and professionals. Its affordability, combined with resilient occupancy rates and limited new housing supply, makes it a strategic market for multifamily investors seeking long-term returns in a well-balanced, economically stable community.