Mansfield & Coventry
6.1% In-Place Cap with $200+ Reno Premiums | 34 of 66 units renovated
Marketing description
OM & Deal Room:
https://www.marcusmillichap.com/properties/303713/coventry-park-mansfield-village
Marketing Description:
Marcus & Millichap is pleased to present Coventry Park and Mansfield Village Townhomes, a two-site, 66-unit portfolio in Indianapolis's south side. Coventry Park (30 Units) was constructed in 2008 while Mansfield Village (36 Units individually parceled) was constructed in 2004. Located approximately 15 minutes from each other, both locations have a nearly 50/50 mix of large 2-and 3-bedroom townhomes with attached 1- or 2-car garages per unit. Each unit offers a spacious floor plan; either 1,335 square feet for 2-berooms or 1,650 square feet for 3-bedrooms. Additional features contain condo-quality living spaces with vaulted living room ceilings, full-size washer/dryer connections, walk-in closets, pantries, private patios, and private driveways with attached garages.
Investment highlights
OM & Deal Room:
https://www.marcusmillichap.com/properties/303713/coventry-park-mansfield-village
Investment Highlights:
- 2000's Vintage Townhome Product - Rare, condo-quality construction with large floorplans and attached garages
- Proven Value-Add with Remaining Upside - 34 of 66 units have been renovated achieving $200/mo rent premiums
- Proximity to Major Employment Drivers - Near Eli Lilly, Amazon logistics hubs, and IU Health
- Attractive In-Place Yield - Day-one 6.1% cap rate with upside through continued renovations
Listing Contacts
Valuation Calculator
Valuation Metrics
Map
Zoning
Broker Selected Comps View More Comps
Property History
Similar Properties
Is there information that looks off?
