19 Townhome Investment Portfolio - Townes at Winthrop, Broad Ripple Village

For Sale

6143 Winthrop Ave, Indianapolis, IN 46220

This Indianapolis property for sale is located at 6143 Winthrop Ave. The current listed sale price for 19 Townhome Investment Portfolio - Townes at Winthrop, Broad Ripple Village is $5,825,000.

Contacts

broker

Creighton Shook

Shook Realty Group

(317) 249-9000

Property Details

  • Property Type Multi-Family
  • Property Size 32,400 SF
  • Units 19
  • Property Tenancy Multi-Tenant
  • Year Built 2008
  • Year Renovated 2018
  • Date Updated Oct 31, 2023
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.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.

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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

Attachments

Getting around

  • 93/100

    Walk Score ®

  • 37/100

    Transit Score ®

  • 85/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Indianapolis, IN
  • Neighborhood Broad Ripple
  • Zip Code 46220
  • Market Indianapolis

Points of Interest

  • Methodist

    5.56 miles

  • Canal

    6.00 miles

  • Indiana University/Riley

    6.49 miles

  • Indianapolis Union Station

    7.31 miles

  • Rich Oil

    0.48 miles

  • Speedway

    1.06 miles

  • BP

    1.12 miles

  • Marathon

    1.29 miles

  • Speedway

    1.55 miles

  • Ricker's

    1.70 miles

  • Speedway

    2.33 miles

  • BP

    2.96 miles

  • Speedway

    3.01 miles

  • Speedway

    3.04 miles

  • Broad Ripple Garage

    0.30 miles

  • Fresh Thyme/The Coil Parking Garage

    0.35 miles

  • Back-In Parking

    0.45 miles

  • East Parking Pavilion

    0.73 miles

  • Ironworks Hotel

    3.30 miles

  • Childrens Museum Parking Garage

    3.98 miles

  • St. Vincent's Parking Deck

    3.99 miles

  • St. Vincent's Main Visitor Parking

    4.20 miles

  • Julia M. Carson Learning Resource Center & Parking Garage

    4.32 miles

  • CarMax Car Lot

    5.01 miles

  • Hotel Broad Ripple

    0.49 miles

  • Indy Hostel

    1.67 miles

  • Homewood Suites by Hilton Indianapolis - Keystone Crossing

    3.30 miles

  • TownePlace Suites Indianapolis Keystone

    3.46 miles

  • Marblehead

    3.63 miles

  • Sheraton Indianapolis Hotel at Keystone Crossing

    3.75 miles

  • Oakwood at Rivercrossing

    3.89 miles

  • Hampton Inn & Suites

    3.95 miles

  • Keystone Inn & Suites

    4.01 miles

  • Marriott Indianapolis North

    4.04 miles

  • Good Earth Natural Food Co.

    0.32 miles

  • Fresh Thyme

    0.33 miles

  • Locally Grown Gardens

    1.09 miles

  • The Fresh Market

    1.09 miles

  • Nicole Taylor's Pasta Market

    1.09 miles

  • Macy's

    1.16 miles

  • Target

    1.17 miles

  • Kroger

    1.31 miles

  • Meijer

    1.31 miles

  • Safeway

    1.32 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Creighton Shook

Shook Realty Group

(317) 249-9000