A new apartment complex catering to Indiana University students is ready for occupancy.

Some students will be able to move into The Annex of Kokomo, located across the street from the IUK campus on Washington Street, as early as Aug. 1, while the majority of leases will begin on Aug. 15.

Mecca Companies Student Living Director of Community & Campus Relations Josie Schimpf said most of the work on the west building has been completed, while some units in the east building aren't quite finished. Crews are painting the exterior of the east building and finishing some work on counter tops and flooring.

Both two- and four-bedroom apartments are still available, with four-bedroom apartments running at $499 a month per bedroom, and two-bedroom apartments leasing for $549 a month per bedroom.

The complexes consist of 52 two-bedroom units and eight four-bedroom units. Each room will include its own bathroom, in addition to a shared living room and kitchen. Students are only responsible for their own room in the lease.

While the leasing process started slow, that’s fairly common for student housing, Schimpf said, noting interest in the apartments has begun to pick up significantly in recent weeks.

“I think a lot of students are still waiting to hear back from IU in Bloomington, so we’re starting to pick up a lot more traffic from students that are now going to be going to Kokomo,” she said. “Student housing is always a late-lease season.”

In addition to bedrooms that range between 110 and 140 square feet each, students will have the option of having their rooms completely furnished for an additional $50 a month. Most of the utilities will be covered by the rent, including water, sewer, trash, electric, basic cable and Internet.

The complex offers plenty of amenities, including a clubhouse that is open 24 hours a day with a TV and gaming station, a study area for students and washers and dryers that students will be able to track the availability and progress of from their smartphones. Outdoor cornhole and volleyball courts will provide recreation.

Signing a lease allows students to avoid purchasing a parking pass at IUK, and every tenant will receive a year-long pass to the Cole Fitness Center, Schimpf said.

Ultimately, Schimpf said, The Annex of Kokomo is designed to provide something that has been lacking in Kokomo and at other commuter campuses across the Midwest.

“We are a little unique in that we try to build at tier two and three colleges that don’t necessarily have student housing,” she said. “We want to build at universities that don’t have this product, so that we can offer students that college experience.”

The Annex is running a promotion that will cover the first month’s rent with a signed lease, Schimpf said. Students also may receive $100 for each referral they provide to The Annex. Students who make the dean's list at IUK also will receive a $100 gift card from The Annex.

While the apartments are not affiliated with IUK, the close proximity to campus will accommodate students who are hoping to enjoy the college experience in a safe environment, Schimpf said.

“We always want to position ourselves super close to the school so that it’s convenient for the students and it’s known as student housing and not just conventional apartments,” she said. “The most important thing parents should know is that their child is going to be safe. We’ll have cameras over the property and plenty of lighting over the parking lot.”

For more information on The Annex of Kokomo, visit www.annexofkokomo.com

Martin Slagter can be reached at 765-454-8570, martin.slagter@kokomotribune.com or on Twitter @slagterm.

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