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

6143 Winthrop Ave, Indianapolis, IN

$5,825,000

Price

32,400 sqft

Building Size

95%

Occupancy

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Street
Map
Overview
Building Size
32,400 sqft
Occupancy
95%
Units
19
Year Built
2008
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.

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
Documents
Location
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