Cooperative for rent in Indianapolis, IN
Troy Manor Cooperative, a cooperative community, has all the advantages of home ownership AND cooperative living at the same time. A Housing Cooperative is an organization that fits somewhere between home ownership or a condominium organization and renting. In a condominium, each owner owns his/her unit, and they jointly own an undivided share in the common areas. In a Cooperative, ownership of stock in the corporation allows the owner to reside in a particular unit, leased from the Corporation. The Carrying Charges to the unit covers the mortgage, and pays for maintenance staff and management, just as a condo fee does.
Troy Manor Cooperative is a member of the prestigious Kirkpatrick Management Co., Inc. collection of residential communities. We pride ourselves on providing a cooperative living experience for the discerning resident with a busy, active lifestyle. Our central location is accessible from two major highways and public transportation, just minutes from downtown and many recreational areas.