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Two West Condo Building/Multifamily Sale
Project type
Creative, Class-A Multifamily Sale
Date
October 2020
Location
Indianapolis, IN
Role
Listing Broker
Shook Realty Group was hired by the owner of a fractured condo building to sell their portfolio of 24/36 units within the project. SRG was able to market and identify a buyer for the full 36 unit building. As part of the due diligence process, SRG worked with the Seller to purchase the remaining 12 units from individuals, and deliver 100% ownership to the new Buyer. The Buyer's plan was to dissolve the condo association, fully renovate the building and create a top-of-market, best-in-class apartment building on the north side of Indianapolis. The Buyer successfully completed this transition within 4 months of closing.