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Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry. This advertisement is not intended to solicit commercial mortgage company business in Nevada.
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Indiana Office
211 West Main Street
Suite 302
Carmel, IN 46032
Office: 312.845.3093
Tom Genetti
Managing Director
205.403.5545
tom.genetti@berkadia.com
Austin Katai
Associate Director 248.974.7826 austin.katai@berkadia.com
Chris Bruzas
Managing Director
312.845.3093 chris.bruzas@berkadia.com
Investment Advisors:
Mortgage Banker:
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Parc Bordeaux
3410 Rue Chanel, Indianapolis, IN 46227
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Investment Highlights
208 exceptionally well-maintained units available
Extensive renovations of over $25,000 per unit by the previous two owners
All interiors have had some form of renovation within the last 14 years.
Opportunity for light interior upgrades and adding washer/dryer connections, garnering $150+ rent increase and high ROI.
Strong collections and occupancy, with 95% occupancy and 0.5% bad debt over the last six months
Fannie Mae assumable loan with 75% LTV and 7 years of interest-only payments remaining Property boasts a B-grade location across from the highly rated Roncalli Private High School, with an average household income of $79,000 within five miles.
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THE OPPORTUNITY
Parc Bordeaux
208
Units
1970
Year BUILT
3410 Rue Chanel, Indianapolis, IN 46227
Berkadia is pleased to present the exclusive opportunity to acquire Parc Bordeaux apartments, an impressive multifamily community located within the vibrant Indianapolis, IN, MSA. This property offers 208 superbly maintained units, each benefiting from extensive renovations exceeding $25,000 per unit by the previous two owners. With all interiors having undergone some form of upgrade within the last 14 years, Parc Bordeaux presents a solid foundation for continued value enhancement.
Investors will find significant upside potential through light interior upgrades and the addition of washer/dryer connections, which can yield a $150+ rent premium and high ROI. The community boasts strong collections and occupancy, maintaining a 95% occupancy rate and only 0.5% bad debt over the last six months. Additionally, the property comes with a Fannie Mae assumable loan featuring 75% LTV and seven years of interest-only payments, providing excellent financing terms for a new owner.
Strategically situated in a Class B location, Parc Bordeaux is across the street from the highly rated Roncalli Private High School and boasts an average household income of $79,000 within a five-mile radius. This combination of location, financial stability, and growth potential makes Parc Bordeaux an exceptional opportunity for real estate investors seeking to expand their portfolio in the thriving Indianapolis market.
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2 Bedroom 2 Bath
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