Bluff Apartments

Located in the heart of the capital city of Indiana, Indianapolis is ranked among the top 25 fastest-growing cities in the United States. This vibrant metropolis is home to a growing population of over 1.8 million residents and saw a 1.24% increase in population from 2022. Anchored by the Indianapolis International Airport, this city serves as a gateway to both national and international realms, having welcomed over 30 million visitors, who spend roughly $5.6 billion dollars in 2023. Indianapolis offers a dynamic ecosystem with a consistent increase of jobs in recent years providing employment opportunities across sectors such as healthcare, technology, and manufacturing. Over the span of the past 12 months, just over 21,000 new jobs have taken root in Indianapolis. Its rich cultural history, from Downtown Indianapolis, the Indianapolis Museum of Art, the iconic Indianapolis Motor Speedway, to other landmarks such as the Lucas Oil Stadium, the Indianapolis Zoo, and Monument Circle can all be reached and enjoyed by residents within a short drive. Complementing the strong job market and amazing attractions, the city offers top-tier academic programs at the Indiana University, Butler University, and the University of Indianapolis, contributing to a skilled workforce and driving innovation within the city's industries. All these factors have been attracting ambitious developers who recognize its immense potential.Situated just South of Downtown Indianapolis, in the North Perry submarket, this brand-new construction, state of the art 48-unit multifamily development recently completed at 3506 Bluff Road, is only a short drive from major employers, hospitals, dining, shopping, and entertainment options. With an attractive unit mix of 24 1 bedroom/1 bathrooms and 24 2 bedroom and 1 bath, the subject property is strategically situated less than two miles from major attractions. The Southern Plaza is home to national credit tenants such as Kroger, AMC Indianapolis 17, Ross Dress for Less, Harbor Freight Tools, and many more. The University of Indianapolis counts almost 5,000 students on the main campus, and offers 90+ majors, 40+ graduate programs, and five doctoral programs. Finally, the subject property is in close proximity to I-465 that sees over 200,000 cars that commute regularly to different parts of Indianapolis and to the city's suburbs. The property itself is a haven of modern convenience and comfort, offering a range of desirable amenities. These include a barbecue area and a dog park, providing residents with opportunities for outdoor relaxation and socialization. Additionally, off-street parking ensures convenient vehicle storage for residents. Each meticulously designed unit is equipped with essential appliances such as a washer and dryer, dishwasher, stove, and refrigerator. For added convenience, covered and reserved parking spaces are available for an additional fee, ensuring residents' peace of mind. Lastly, this offering includes a 3.70 Acre parcel of land only half a mile from the subject property and entitled for 56 units. Both properties are located in an Opportunity Zone, allowing substantial tax benefits to the right buyer.