CF CAPITAL | ELEVATING COMMUNITIES TOGETHER
CF Capital is pleased to present Island Club, a 314-unit 1990 built class B+ multifamily investment opportunity located in Indianapolis, IN. Island Club provides the opportunity to invest in a value-add opportunity, well below replacement cost, offering the potential for consistent cash flow and clear upside with attractive value-add level return projections and a lower risk profile for investors.
Located in the desirable Eagle Creek submarket, Island Club offers an exceptionally unique setting on a 25 acre lake in which many units are lakefront and a majority of the units feature water views. In addition to the waterfront lifestyle, residents enjoy a comprehensive amenity package.
The unit features at Island Club are unmatched in the market. 100% of the units have washer/dryer connections, dedicated covered parking and fireplaces. Units also have abundant and natural light, and most first floor units feature a unique sunken living room. The property offers a full amenity package including a unique aqua lounge with access to kayaks.
The property has undergone extensive exterior, interior and amenity upgrades. With the heavy lifting complete, CF Capital will focus on further repositioning the property through completing the value-add blueprint already proven in the market and by putting finishing touches on the amenity set by building out a luxury grilling station next to the pool.
