317-255-3900
, Granger, IN for Sale
Apartments - FOR SALE
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Caldera on Cleveland Luxury Townhomes & Flats
Granger, IN 46530


HIGHLIGHTS

  • Joint Venture Equity Investment Opportunity $3,000,000 to $5,000,000
  • Stabilized Sale Value $43,388,268
  • The project is an 80 unit luxury rental townhome and flat development with five different floor plans, garages and high end finishes.
  • The project is in the growing and affluent Granger area, and is located in Penn-Harris Madison School District.
  • CRMH is the development company and owns ±6 acres on Cleveland Rd. in Granger in a prime location for a development like Caldera on Cleveland.
  • Third party market study supports demand for the project's development plan.

OVERVIEW

The Cleveland Road community will consist of 80 luxury townhome/flat-over-flat rental units configured within a park-like setting in a series of 3-, 6- and 7-unit buildings surrounding two central courtyards. A total of five different plan styles will be represented ranging from 1,300 square foot second-floor flat to a 2,322 two-story townhome/rowhome. Each residence will include a high level of standard features/finished including items such as granite or quartz kitchen countertops; stainless steel appliances; functional laundry rooms; in-unit washers/dryers; luxury plank flooring in living areas; upgraded cabinets, fixtures, and lighting; private patios/decks and smart-home technology. In addition, most units will include a standard two-car garage, while others will have the option of either surface parking or an attached two-car garage. Relative to surface parking, between 60 and 65 spaces will be provided on site.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

80

CAP RATE

Request Cap Rate

% LEASED

-

STATUS

Proposed

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Caldera on Cleveland Luxury Townhomes & Flats

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2026

PARKING SPACES

65

LAND DETAILS

LAND ACRES

6.4 AC

LAND SF

278,784 SF

ZONING

C

APN/PARCEL ID

71-04-27-200-058.000-036

ASK ABOUT THIS PROPERTY

Michael DrewBradley CompanyMore Info
317-255-3900

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Michael DrewBradley CompanyMore Info
317-255-3900

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.