2226-2232 Central Ave - Apartments FOR SALE


Indianapolis, IN 46205- Fall Creek Place
$2,500,000 USD
317-853-7501
2226-2232 Central Ave, Indianapolis, IN for Sale
$2,500,000 USD
Apartments - FOR SALE
1/33
null | Request Cap Rate

2226-2232 Central Ave
Indianapolis, IN 46205
Fall Creek Place


HIGHLIGHTS

  • Prime location in the vibrant and appreciating Fall Creek Place neighborhood, just 1 mile from IU Health’s $4B+ medical campus.
  • Four fully furnished, newly constructed townhomes operating as short-term rentals.
  • Modern finishes, stainless steel appliances, granite countertops
  • Located near over $10.2B in downtown development including hospitality, sports venues, tech, and medical expansions
  • Convention Center, IU Health, Bottleworks District, Monon Trail, Indianapolis Motor Speedway, Mass Ave Cultural District

OVERVIEW

ALO Property Group is pleased to present the opportunity to acquire a portfolio of four newly constructed, fully furnished, side-by-side townhomes located at 2226, 2228, 2230, and 2232 Central Avenue in the highly sought-after Fall Creek Place neighborhood of Indianapolis, Indiana. This offering represents a rare, turnkey short-term rental investment in one of the city’s most vibrant and rapidly appreciating urban districts. Each townhome includes four bedrooms and four and a half bathrooms, featuring spacious open floor plans, modern finishes, stainless steel appliances, granite countertops, and en-suite bathrooms in every bedroom. Additional features include private, fenced-in backyards, detached two-car garages, and high-end furnishings throughout—all of which convey with the sale. Strategically positioned just one mile from IU Health’s multi-billion-dollar medical campus in downtown Indianapolis, this portfolio benefits from strong demand drivers including hospitals, universities, major sporting events, and business travel. Ideal for traveling nurses, university affiliates, or leisure visitors, this asset offers immediate cash flow and long-term value with minimal upfront effort. With an influx of businesses, residents, and amenities, the demand for prime real estate has never been higher, and this offering presents a unique and timely chance to capitalize on the significant growth potential that lies on the immediate horizon. This is a rare opportunity to acquire a stabilized, income-producing short-term rental portfolio in an established neighborhood experiencing ongoing growth and development momentum

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$250 USD /SF

# OF UNITS

4

PRICE/UNIT

$625,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2022

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.27 AC

LAND SF

11,560 SF

ZONING

D-8

APN/PARCEL ID

49-06-25-136-169.000-101,49-06-25-136-170.000-101

ASK ABOUT THIS PROPERTY

Ralph BalberALO Property GroupMore Info
317-853-7501

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Ralph BalberALO Property GroupMore Info
317-853-7501

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.