top of page

Atlas Apartments

Writer's picture: Chad SchielerChad Schieler

67 Units, Market Rate, Richmond Indiana

 


Property Overview


Built in 1910 and renovated in 2000, Atlas Apartments is a 67-unit apartment building in Richmond, Indiana. The building is controlled access, four-stories, brick, and has a lower level. Each floor has a laundry room with card laundry machines.


 

Strategy


Initially, we installed professional on-site management to enhance operational efficiencies. Subsequently, we implemented a streamlined approach to resident utility billings. Completing upgrades such as flooring and paint in the remaining units was a priority, along with introducing new decor to enhance the entryway interior. All ancillary income has been brought up to the current market rates of the local market.


 

Highlights


  • 12 foot ceilings with oversized windows

  • Location! Property located next to the cultural trail, walkable businesses and eateries. Easy access to the main highway.

  • Open courtyard with resident patio

  • Top employers in the area Reid Health, Belden, Sugar Creek and Richmond State Hospital


 

Focused Capital effortlessly maximizes and streamlines real estate investments.


Teaming up with over 250 individuals, just like you, we've delved into real estate ventures, generating passive income. Impressively, over 60% of our clients return for further investments, with over half joining us through referrals.

 


We are Focused on Growing Your Wealth So That You Can Do What You Love



Comments


Subscribe to join the Focused Capital Network

Logo-Peaks.png

The testimonials, statements and opinions on our website are applicable to the individual. They are not a promissory statement of any results. The testimonials are voluntarily provided and are not paid or compensated for in any way.  Nothing herein shall be relied upon as a promise or representation as to past or future performance. All investors must make their own determination of whether or not to make any investment, based on their own independent evaluation of the investment and their risk tolerance.  *See Full Disclaimer Here

bottom of page