Multi-Housing

Steeplechase at Parkview Apartments

11275 Sportsman Park Ln Fort Wayne, Indiana United States 46845-1976
Asking Price Contact for pricing
Area Size
NOI Net Operating Income N/A
NIY N/A
Asking Price Contact for pricing
Area Size
NOI Net Operating Income N/A
NIY N/A

Documents

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Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Attributes

Year Built 2014
Building Area Net
Land Area Net ()
Number of units 264
Occupancy 94.0 %

Asset Description

JLL is pleased to present Steeplechase at Parkview, a Class ‘A’ 264-home garden-style apartment community located in northeast Fort Wayne, Indiana. Built in 2014, this well-appointed property is within walking distance to both Manchester University College of Pharmacy and the ever-expanding Parkview Regional Medical Center. Residents enjoy easy access to both I-69 and I-469 and a short drive to nearby Dupont Hospital (Lutheran Health Network) and Downtown Fort Wayne. Additionally, the property is situated in one of the top public school districts in the state of Indiana.

 

Steeplechase at Parkview presents an investor with an attractive value-add opportunity to upgrade interiors and expand amenity offerings. The property boasts high historical occupancy and rent growth as well as impressive resident demographics supporting the ability to further increase rents. Additionally, Steeplechase is ideally positioned along the path of growth in one of the top performing submarkets in the Midwest. The property may be acquired below replacement cost.


Investment Highlights

  • 100% Value-Add Potential
  • Impressive Property Occupancy & Organic Rent Growth 
  • Affluent Resident Base & Stellar Submarket Fundamentals
  • Unbeatable Suburban Fort Wayne Location near Parkview Regional Medical Center & Manchester University
  • Top Rated Public School System
  • Available on a Free & Clear Basis
Last Updated Date: 29 Oct 2021

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Last Updated Date: 29 Oct 2021

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