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  • Writer's pictureForza CRE

Forza Acquires 48 Unit Property In Crawfordsville, Indiana



Forza Commercial Real Estate has acquired a 48-unit multifamily property in Crawfordsville, Indiana. The “Waterford” is located at 2001 Zelmar Dr. Crawfordsville, IN 47933. Montgomery County’s Comprehensive Plan for economic development improvements in combination with Crawfordsville’s low cost of living (averaging nearly 25% lower than the national average) made Waterford an ideal development location for the Forza team.

 

We are excited to become a part of the Crawfordsville community,” said Jordan Bass, Forza president. “The team looks forward to this acquisition as it opens the door to more opportunities for Forza to invest in and revitalize aging multi-family residences.

 

Known for its mission to ‘improve lives through quality and affordable living’, Forza will provide residents who qualify for low-income housing assistance with the educational tools and resources to preserve their existing financial support.

 

As Montgomery County completes its Comprehensive Plan, which aims “to position itself as a thriving resilient community with a focus on economic prosperity, residential growth and quality of life,” the Waterford apartment community will undergo interior and exterior aesthetic, functional, and safety renovations, to include new sidewalks, repaved parking lots, luxury vinyl plank flooring, and modern appliance upgrades. Renovations are anticipated to be completed by the end of July 2024.

 

The property proudly features the following amenities:

 

  • On-site laundry

  • Off street parking

  • Air Conditioning

  • Walk In Closets*

  • Washer Dryer Hookup*

  • Patio Or Balcony*

  • Cats Allowed

  • Small Dogs Allowed

  • Garbage Disposal

  • Townhouse-style Apartment*

 

*In select units

 

This is the company’s second property acquisition of the year. In mid-April the company announced its acquisition of a property in Tipton, IN which renovations are expected to be completed by the end of June 2024.

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