Razor Capital Group Acquires Oxford Terrace Apartments In Indianapolis For $1.8M

The Oxford Terrace Apartments, a multifamily property located at 2724 Oxford Lane in Indianapolis, was recently sold for $1.8 million. This 40-unit property, constructed in 1986, was purchased by Razor Capital Group from sellers Paul Shannon and Powell Chee. The sale was facilitated by David Funke & Kevin Burns of Capstone Companies. The transaction also included seller financing of $1.25 million at a 6 percent interest rate, enabling the new owner to proceed with a value-add strategy through renovations on the remaining 18 units.

Summary of transation details:

• Property Type: Multifamily
• Transaction Amount: $1,800,000
• Units: 40
• Price per Unit: $45,000
• Address: 2724 Oxford Lane
• Market: Indianapolis

Capstone Companies, represented by David Funke & Kevin Burns, played a crucial role in finalizing the sale of the Oxford Terrace Apartments. The property's acquisition by Razor Capital Group marks a strategic move in the real estate market of Indianapolis. This transaction highlights the collaborative efforts of key individuals and companies in the real estate industry, showcasing the significance of experienced professionals in successful property transactions.