Forza Commercial Real Estate recently announced its acquisition of an 80-unit multifamily property in Tipton, Indiana. As part of the company’s mission to improve lives through quality and affordable living, qualifying low-income residents will receive education and guidance for preserving their financial assistance.
“The Forza team is excited to join the Tipton community,” said Forza President Jordan Bass. “We look forward to providing current and future tenants with upgraded quality and affordable places they are proud to call home for years to come.”
At closing, many units had original finishes and appliances from the 80s. Built in 1985, the property is expected to undergo exterior renovations including sidewalk, parking lot, and curb replacements as well as interior upgrades such as paint, luxury vinyl plank flooring, and modern appliance packages. The property proudly features the following amenities:
High quality 1-, 2-, and 3-bedroom apartments
ADA compliant units
Central air
24-Hour emergency maintenance
On-Site management
Laundry facility
In unit washer/dryer hookups*
Off street parking
Playground
Online bill-pay and maintenance request portal
Pet friendly
Patio/balcony*
*In select units
The property is located at 319 Terrace Ct, Tipton, IN 46072. Renovations began in March and are anticipated to be completed by the end of June 2024. This is the company’s first property acquisition of the year with three additional acquisitions scheduled for the quarter.
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