19 Single-Family Townhomes Portfolio Sale - Broad Ripple, IN

$5,825,000

6143 Winthrop Ave, Indianapolis, IN 46220

For Sale

Multifamily Garden Low Rise

Active

Last Updated: 10/31/2023

Details:

Building Size: 32,400 sqft

Occupancy: 95%

Units: 19

Year Built: 2008

Offered by

Creighton Shook

Director, Brokerage Services

Shook Realty Group

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Highlights:

19 Class A, high-end finish Townhomes
All units: 1,800 SF, 2 bed / 2.5 bath with den and 2 car attached garage
Strong occupancy history with excellent rental rates
Built and finished between 2008 and 2018
Adjacent to the Monon Trail Greenway
Just steps from Broad Ripple Avenue and the heart of Broad Ripple Village
Countless restaurants, bars, and shops within easy walking distance
4 blocks from the Red Line bus rapid transit station at Broad Ripple Avenue & College Avenue

Description:

This 19-unit townhome portfolio within the Townes at Winthrop provides an excellent opportunity for an investor to purchase a cash-flowing portfolio with immediate proximity to each other. The townhomes were built between 2008 and 2018, were built as "for sale" product and have maintained a strong occupancy since construction averaging over 95% occupancy. Each unit is 2 beds/2.5 baths with a den and a 2-car garage. They all boast granite countertops with high-end appliances, open kitchen & living space, double vanities in the master bath, laundry room, den/bonus room/office on the lower level, attached 2-car garages, and large outdoor areas. The Townes at Winthrop are perfectly located along Winthrop Ave just 1 block south of Broad Ripple Avenue and provide direct access to the Monon Trail within the development. This portfolio provides easy, streamlined management for a single-family investor looking for a portfolio, and growth potential to all investors through future acquisition of the remaining 9 units in the development.

The Townes at Winthrop are perfectly situated along the Monon Trail Greenway and just steps from Broad Ripple Avenue. This location provides immediate walkable access to countless restaurants, bars, and shops in the vibrant Broad Ripple Village. Located in the heart of the northside of Indianapolis, the Townes at Winthrop provide quick and easy access to everywhere in the city. Tenants are four blocks from the Red Line rapid transit station at Broad Ripple Avenue and less than 15 minutes to both downtown and Hamilton County.