RESOURCE Commercial Real Estate Brokers Sale of 77-Unit Apartment Property in Indianapolis
INDIANAPOLIS — RESOURCE Commercial Real Estate has arranged the sale of Eastgate Terrace Apartments, a 77-unit multifamily property in Indianapolis. Renero LLC purchased the asset from Madison Elizabeth Investments LLC for an undisclosed price. Built in 1961, Eastgate Terrace Apartments consists of seven buildings totaling 55,528 rentable square feet in a mixture of one- and two-bedroom units. The buildings sit on 3.6 acres and feature a picnic area, courtyard, laundry facility and covered parking. Michael Wernke of RESOURCE Commercial Real Estate brokered the deal.