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2724 Oxford Lane
SOLD

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

2724 Oxford Lane

MultiFamily
clock iconSold 73 days ago
Kevin Burns
David Funke
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Summary

Sale
INDIANA
MultiFamily

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.

Players

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    3

  • Agents

    2

  • Agencies

    1

Kevin Burns's profile picture
Kevin Burns
Capstone Companies-image
Investment Sales Advisor
$1.8M Sold
David Funke's profile picture

Details

Deal Summary
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SOLD
IMAGE: 04/04/2024 ADDRESS: 2724 Oxford Lane MARKET: Indianapolis ASSET TYPE: Multifamily BUYER: Razor Capital Group SELLER: Paul Shannon & Powell Chee SELLER'S REP: David Funke & Kevin Burns - Capstone Companies SALE PRICE: $1,800,000 UNITS: 40 ~ PPU: $45,000 NOTE: Capstone Cos. facilitated the sale of Oxford Terrace Apartments in Indianapolis for $1.8 million. Constructed in 1986, the 40-unit property in Martindale-Brightwood was sold by Paul Shannon and Powell Chee to Razor Capital Group, with seller financing of $1.25 million at 6 percent interest rate, enabling the new owner to continue the value-add strategy by renovating the remaining 18 units.

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Address2724 Oxford Lane

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