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  • Writer's pictureChad Schieler

Melrose Place


A 12-Unit Apartment Community in Lebanon, Indiana


 


Property Overview


Melrose Place, situated in Lebanon, Indiana, offers a conveniently short commute to both Indianapolis and Lafayette. Notably, it ranks among the top three counties for quality living in Indiana. Originally constructed in 1972, it underwent extensive renovations in 2021. Unit interiors feature modern cabinets, quartz countertops, upgraded lighting and fixtures, and newly landscaped surroundings.

 

Strategy


Upon acquisition, we placed seasoned property management over Melrose Place to begin taking over the responsibilities of the property. We put $70,000 into the building exterior repairs, parking lot, and walkway repairs. Leveraging local market trends, we will continue to grow our rent increases and ancillary income to maximize returns.


 

Highlights


  • Renovated, Turn-Key

  • Located in the fastest growing county in Indiana

  • LEAP Interchange - as support to the innovation disctrict planned for Boone Country, the state is adding Interstate 65 interchange, with nearby access to US 52

 

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



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