Marcus & Millichap Sells Indianapolis Community
- Jun 08, 2017
Marcus & Millichap arranged the sale of Meadowood Apartments, a 42-unit community located in Logansport, Ind. The company’s investment specialists, Scott Harris and Nick Hillard, closed the $1.1 million sale on behalf of a limited liability company.
Access to Area Employers
Located at 1320 Smith St., on three acres, the community is on the northwest side of downtown Logansport, Ind., in Cass County, and offers convenient access to Memorial Hospital, a major employer in the area. Logansport is approximately 78 miles southwest of Fort Wayne.
Built in 1980, Meadowood features a one-story building offering five studios, one- and two-bedroom units ranging in size from 576 to 864 square feet. The property is also pet friendly and offers 64 parking spaces. According to Property Shark, Meadowood was 100 percent occupied as of May.
Last month, Marcus & Millichap arranged the $2.3 million sale of a four-unit vacant apartment property in Washington, D.C.
Image via Google Maps