Two West Condo Portfolio - 8555 One West Dr, Indianapolis, IN 46260
For Sale
For Sale
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Year Built
2005
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Overview
Two West is located at the southwest corner of Meridian Street and 86th Street on the north side of Indianapolis in highly sought after Washington Township. The property is 2 minutes from I-465, 15 minutes from downtown Indianapolis, and just moments from countless restaurants, shopping, fitness and leisure destinations at 96th Street and Meridian and in Nora on 86th Street. This is a rare opportunity to own 24 class A condo units in an exclusive, high end area of Indianapolis. The portfolio consists of 19 class A finished units that are 95% occupied and 5 units that are in 90% complete condition, ready for finishes and lease-up, or immediate sale providing immediate upside potential for a new owner. The 24 units make up two-thirds of the total unit count in the development, providing the owner with majority control of the condo association. Extensive development wide upgrades have been completed in the last 24 months both inside the building and on the grounds & amenities.
Property Details
Two West is located at the southwest corner of Meridian Street and 86th Street on the north side of Indianapolis in highly sought after Washington Township. The property is 2 minutes from I-465, 15 minutes from downtown Indianapolis, and just moments from countless restaurants, shopping, fitness and leisure destinations at 96th Street and Meridian and in Nora on 86th Street. This is a rare opportunity to own 24 class A condo units in an exclusive, high end area of Indianapolis. The portfolio consists of 19 class A finished units that are 95% occupied and 5 units that are in 90% complete condition, ready for finishes and lease-up, or immediate sale providing immediate upside potential for a new owner. The 24 units make up two-thirds of the total unit count in the development, providing the owner with majority control of the condo association. Extensive development wide upgrades have been completed in the last 24 months both inside the building and on the grounds & amenities.
- Property TypeMulti-Family
- Submarket
- Year Built2005
- Sale Price$6,950,000
- Total Building Size52,800RSF
- Sale StatusAvailable
- Property ID2157232