Ellsbury Group is excited to offer Thorntown Village Apartments, a compelling value-add investment opportunity located in the thriving Boone County, Indiana market. Boone County is experiencing robust market growth, evidenced by a 13% increase in median sales prices year-over-year. The multifamily rental market, especially in nearby areas like Zionsville, Whitestown, and Lebanon, shows strong demand and increasing rental rates. Currently, 2-bedroom apartments in the region command average rents of $1, 135 - $2, 695, signaling significant upside potential for this property. This opportunity is further bolstered by the LEAP Project, Indiana's ambitious initiative to become a leader in advanced industries. The LEAP Project, while large-scale, promises significant economic growth and job creation within Boone County, driving long-term demand for housing. To ensure minimal disruption for current tenants, property tours will be conducted once a month, with only one unit shown until the property is under contract. See Leap Lebanon
