What’s a Cooperative?
Each member of Three Fountains Cooperative owns one share and has one vote in the cooperative. The cooperative corporation holds title to the property and is responsible for the mortgage. A Board of Directors is elected by and from its members. The directors set policy, establish rules and determine how money is spent.
• To qualify for membership you must meet the income and credit standards established by the Board of Directors.
• Because the corporation is a not-for-profit organization, we are able to offer far more housing for less money than would be possible for you to buy or rent anywhere else.
• Maintenance service is provided to members during normal office hours. The Cooperative’s professional maintenance staff is available to treat emergency calls on a 24-hour basis
Why Join a Cooperative?
People join housing co-ops because they want housing that is decent, affordable and secure.
• Reduced Cost
• Member Control
• Equity Accumulation
Three Fountains Cooperative...THE place to call home!
We are 8 minutes from Washington Square Mall, 15 minutes from Castleton Square Mall and 22 minutes from downtown Indianapolis. We are centrally located on the city busline. Charter Schools, public schools and a high school are all within 5 minutes of Three Fountains Cooperative. There are several fast food restaurants, grocery stores and department stores within 6 minutes of our property.
We offer a relaxing setting of 1 and 2 bedroom apartments as well as 2, 3 & 4 bedroom Townhomes.
All utilities (minus lights) are included with rent
Basic cable, HBO regular, and HBO Latino
Full size washer & dryer
Full size microwave
New modernized bathrooms and kitchens
Fenced in backyard
Convenient to interstate and fine dining
Private Unit Entrance
24 hour emergency maintenance service
Playground, State of the art Community Clubhouse, Private Patio and Entry, Manicured Landscaping