Somerset Apartments

119 Units | Marion, IN

• One, two, and Three Bedroom Units 
• Spacious Floor Plans 
• Excellent Unit Amenities 
• Great Location

SOMERSET APARTMENTS is a 119-unit multifamily community located in Marion, Indiana, approximately 60 miles northwest of Indianapolis. The property offers a diverse mix of one-, two-, and three- bedroom floor plans designed to serve a broad tenant base. Unit sizes range from approximately 694 to 1,540 square feet, providing affordable housing options for individuals, families, and workforce renters throughout the area.

The community benefits from convenient access to major employers, healthcare providers, educational institutions, and retail amenities throughout Marion and the surrounding Grant County market.

Its diverse unit mix and practical floor plans position the property to serve a wide range of resident needs. Marion serves as a regional center for healthcare, education, manufacturing, and public services. Supported by a stable economic base and strategic location within central Indiana, Somerset Apartments is well-positioned to meet the area’s ongoing demand for quality rental housing.

Riverwalk Commons

66 Units | South Bend, IN

• Extensive Capital Improvements Throughout Entire Property
• Direct Proximity to IU South Bend’s Campus
•  Steps Away From Local Parks, Trails, and Commercial
  Designations
• Robust Assortment of Amenities
• High Occupancy and Growing Student Populous

XMark Midwest is pleased to bring to market the opportunity to acquire Riverwalk Commons, situated just steps away from IU South Bend’s campus.

Originally constructed in 1957 & 1961, this 66-unit, 133-bed student property has received significant capital improvements, allowing current ownership to take advantage of the growing student population at Indiana University South Bend. Riverwalk Commons features 14 one bed/one bath (632 sf), 37 two bed/two bath (868sf), and 15 three bed/
two bath (1,172sf) units.

Over the past 3 years, ownership has completed extensive capital improvements to the property including: elevator replacements, fire system upgrades and replacements, interior and exterior painting, interior unit and CAM flooring replacements, HVAC and mechanical replacements, roof replacements, asphalt, sealcoat, stripe, and dumpster
corrals, security system and camera implementation, window replacements, washers, dryers, and keyless entry.

Riverwalk Commons boasts a robust assortment of amenities. Situated on 1.18ac, Residents can enjoy the on-site parking, leasing office, outdoor patio, fitness center, theater room, and game room. Moreover, tenants are only steps away from the
northside trail of the St. Joseph River, Potawatomi Park, and Mishawaka Ave’s commercial corridor just north of campus.

The Arbors

24 Units | Bloomington, IN

• Mostly Two- and Three Bedroom Units
• Historically High Occupancy Rate
• Recently Renovated Units with $100K Recent Capex Grounds And Mechanicals
• Excellent Unit Amenities

The Arbors is an extremely well located and maintained property built between 1994 and 1996, The Arbors is located on the City’s southeast side.

The unit mix for this property consists of (12) 2bd/1bth, (6) 2br/1bth and (6) 3br/2br units. All units offer a large living space with units ranging between 1,190 sf and 1,450 sf.

Amenities include: patio or balcony, nicely equipped kitchen, fireplace and washer and dryer connections.

In the last two years, ownership has spent nearly $100k on exterior work and HVAC replacements. They have completed 13 full
system replacements and 7 major component replacements, in addition to completing several landscaping enhancements and a substantial amount of tree removal.