2148 N Ritter Ave, Indianapolis, IN 46218

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Building Details:

• Year Built: 1964

Roland Manor has the ideal apartment marketing mix with 72 2-bedroom apartments with 714 square feet and 6 1-bedroom apartments with 638 square feet. From the center of the parking lot, all of the apartments can be seen at one time making it desireable for controlled security. The streamlined amenities include good concrete sidewalks, perimeter fencing and six on site coin operated laundry rooms and a secluded play area. The area has been steadily improving with its quality of living. A brand new senior citizen's community was constructed adjacent and west of Roland Manor.

One of the positive marketing tools for Roland Manor is "heat paid by landlord". 36 units are serviced by gas fired boilers (2 new boilers) while the other 42 units have individual room controls for radiant heat.
The residents pay for their own electric service.

This apartment community affords the new owner and its management team with a great opportunity to increase the rents, increase occupancy and make minor cosmetic upgrades to lift the property's income.