317-728-8854
6159 Winthrop Ave, Indianapolis, IN for Sale
Apartments - FOR SALE
1/28
null | 5.83% Cap Rate

6159 Winthrop Ave
Indianapolis, IN 46220
Broad Ripple


HIGHLIGHTS

  • New Construction, High Quality Real Estate: 2016-Vintage with No Deferred Maintenance
  • Large Townhomes with Premium Finishes: Spacious Two- and Three-Bedroom Townhomes Featuring Condo-Quality Level of Finish
  • ?Irreplaceable Broad Ripple Village Location: Broad Ripple is one of Indianapolis' Most Lively and Walkable Districts with a Walkability Score of 92.
  • Affluent Northside of Indianapolis: One-Mile Average Household Income Boasting $146K
  • Rent Comps Supportive of Future Upside: Similar Product is Achieving $400/mo Premiums

OVERVIEW

Marcus & Millichap is pleased to present the exclusive offering of The Win Townhomes, a 24-unit, Class A townhome community located in the highly desirable Broad Ripple submarket of Indianapolis, Indiana.? Constructed in 2016, the property features modern, large-format townhome units averaging approximately 1,190 square feet, with a mix of two- and three-bedroom floorplans.? The asset is currently operating with average rents of $2,125, demonstrating strong in-place performance and consistent demand for high-end rental products in the Broad Ripple Submarket of Indianapolis.? The Win Townhomes offers residents a differentiated living experience through private entries, spacious layouts, and premium interior finishes, including granite countertops, stainless steel appliances, in-unit washer and dryers, and private patios.? Located in the heart of Broad Ripple, one of Indianapolis' most walkable and amenity-rich neighborhoods, the property offers immediate access to the Monon Trail, dense retail and dining corridors, and proximity to major employment hubs, including Downtown Indianapolis, IU Health, and Eli Lilly.? This irreplaceable location supports long-term rent growth and sustained occupancy, making The Win Townhomes an attractive, stabilized investment opportunity.?

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

24

CAP RATE

5.83%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Win

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2016

PARKING SPACES

60

LAND DETAILS

LAND ACRES

1.32 AC

LAND SF

57,325 SF

ZONING

ZO01

APN/PARCEL ID

49-06-01-101-028.000-801

ASK ABOUT THIS PROPERTY

Aaron KuroiwaMarcus & MillichapMore Info
317-728-8854

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Aaron KuroiwaMarcus & MillichapMore Info
317-728-8854

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