I am interested in buying a multi-family apartment complex.

apartment complexes?

A few months back, a fellow broker brought me a pocket listing for a newly built and stabilized 32 unit apartment complex. 

We manage three large apartment complexes in two different submarkets in Indianapolis. 

I’m wondering if the influx of newer apartment complexes near campus has shifted the supply and demand balance.

Any capital improvements on a not owned yet property would involve a complex 1031 you’d want someone like @Dave Foster involved in. 

They sealed the entrances using metal screens (one around a pipe), but now the areas look unsightly.Additionally, there’s ongoing construction in the condo complex, which may have driven the mice into my unit.

I really would want to stay away from any office properties in depressed or even semi-depressed neighborhoods, especially large ones (like a 13 unit complex).

For the first time in years I’ve noticed many of the larger apartment complexes even offering the first month free to fill vacant units, so it’s clear that demand is down.

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