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Maple crest Apartments

149 Units | Built 1963-1978

The Opportunity

Maple Crest Apartments is a 149-unit, garden-style apartment community in Kokomo, IN. Built in three phases in 1962, 1973 and 1978 on 12 park-like acres, Maple Crest has had significant improvements in the last five years. The property contains a unit mix compromised of 6 studio units, 12 one-bedroom units, 109 two-bedroom, 1 bathroom units, 16 two-bedroom, 1.5 bathroom units and 6 three-bedroom, 1.5 bathroom units. In addition to the 149 units, there are 3 acres of excess land on site, zoned M2/Multifamily Residential. Maple Crest is conveniently located less than 1 mile from Indiana University Kokomo, and 2 miles from an array of shopping, dining and entertainment options along interstate 931. The neighborhood is home to the Chrysler Transmission Plant that employs over 6,000 people, as well as the offices of GM Components Holdings and Delphi Technology. Maple Crest’s three-story architecture, park-like setting and location presents an exceptional opportunity to enhance value through continued upgrades to garner higher rents.

Investment Highlights

  • 149 Units in Great Location, Walkable to Retail
  • Owned by Original Developer
  • Historically High Occupancy
  • Significant Improvements Made Over Last 5 Years - All Windows have been replaced, New asphalt in 2017, New roofs in 2012
  • 3 Additional Acres of Excess Land Included, Zoned M2/Multifamily Residential
  • Less than 1 Mile from Chrysler Transmission Plant with over 6,000 employees

THE PROPERTY

UNIT Amenities

  • Dishwasher
  • Disposal
  • Range
  • Refrigerator
  • High Speed Internet Access
  • Washer/Dryer
  • Washer/Dryer Hookup
  • Air Conditioning
  • Storage Units
  • Balcony/Yard

COMMUNITY Amenities

  • Clubhouse
  • Storage Space
  • Pool
  • Laundry Facilities
  • Maintenance On Site
  • Property Manager On Site

THE LOCATION

ECONOMIC SNAPSHOT

DOCUMENT CENTER

CONTACT US

Investment Advisors

ALEX BLAGOJEVICH

Managing Director

alex.blagojevich@berkadia.com

312.845.3088

CHRIS BRUZAS

Director

chris.bruzas@berkadia.com

312.845.3093

CHICAGO OFFICE

125 South Wacker Drive

Suite 400

Chicago, IL 60606

312.957.7391 | Fax: 561.998.8895

Berkadia.com

Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry. This advertisement is not intended to solicit commercial mortgage loan brokerage business in Nevada.

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