Overview
Willow Brook is a 48-unit multifamily community with three additional commercial suites, located in the thriving Indianapolis, Indiana market. Built in 1965, the property has benefited from nearly $12,000 per unit in recent renovations, with 26 units already upgraded and achieving rent premiums of $165+ per month. This leaves a clear path for new ownership to complete the value-add program across the remaining units and unlock further income growth.
Strategically positioned near Fort Harrison State Park, Keystone at the Crossing, and Broad Ripple Village, Willow Brook offers residents exceptional access to recreation, retail, dining, and major employment centers including more than 500,000 jobs across healthcare, life sciences, logistics, and advanced manufacturing. With Indianapolis’ above-average rent growth and strong long-term fundamentals, Willow Brook provides investors an attractive basis, proven renovation upside, and a well-located community in one of the Midwest’s most resilient markets.
Investment Highlights
Attractive Entry Point
Offered at under $100K per unit—well below replacement cost—Willow Brook represents a rare value opportunity in a resilient, growing Indianapolis submarket.
Proven Value-Add Strategy
28 renovated units are achieving $200+ rent premiums. With 20 units still unrenovated, new ownership can continue the program to unlock further revenue growth.
Multiple Income Streams
Three on-site commercial spaces offer upside through future rent increases or potential conversion to multifamily units over time.
Recent Capital Investment
Current ownership has invested ~$12K per unit in interior upgrades and capital projects, delivering a well-maintained, repositioned asset.
Strong Market Fundamentals
Indianapolis posted 3–4% annual rent growth in 2024–2025, outpacing the ~1% national average—highlighting demand strength and stability.
Strategic Location Near Major Employers
Willow Brook is surrounded by 500K+ jobs, including:
- IU Indianapolis – 14,000 jobs
- IU Health Univ. Hospital – 13,479 jobs / 440 beds
- Eli Lilly HQ – 12,312 jobs
- Ascension St. Vincent – 10,000 jobs / 840 beds
- FedEx Hub – 8,729 jobs / 1.5M SF
- IU School of Medicine – 6,054 jobs
- New Era Technology – 4,500 jobs
- Roche Diagnostics HQ – 4,200 jobs
- Rolls-Royce Corp. – 4,000 jobs
UNIT BREAKDOWN
Photo Gallery
