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

6143 Winthrop Ave, Indianapolis, IN 46220

  • For Sale $5,825,000
  • 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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Attachments

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

Contacts

broker

Creighton Shook

Shook Realty Group

(317) 249-9000

Location

Getting Around

  • Walk Score ®

    93/100 Walker's Paradise

  • Transit Score ®

    37/100 Some Transit

  • Bike Score ®

    85/100 Very Bikeable
Powered by Walk Score ®
  • 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

  • Shalimar

    0.13 miles

  • Biscuits Cafe

    0.13 miles

  • Noodles & Company

    0.17 miles

  • Sushi Bar

    0.17 miles

  • Jimmy John's

    0.18 miles

  • Chipotle

    0.19 miles

  • Einstein Bros. Bagels

    0.20 miles

  • McDonald's

    0.22 miles

  • Joella's Hot Chicken

    0.23 miles

  • snow zone

    0.26 miles

  • Broad Ripple High School (closed 2018)

    0.24 miles

  • Village Montessori School

    0.56 miles

  • Christ the King School

    0.82 miles

  • Center For Inquiry School #84

    0.83 miles

  • Bishop Chatard High School

    0.93 miles

  • Merle Sidener Academy #359

    1.14 miles

  • Eliza A Blaker Elementary School #55

    1.18 miles

  • Northside Montessori School

    1.34 miles

  • Park Tudor School

    1.37 miles

  • ACE Prep Academy

    1.44 miles

  • Compassionate Angels Ministry

    1.97 miles

  • St. Joan of Arc Early Learning Center

    2.44 miles

  • Alphabet Angels CCM

    2.96 miles

  • Reach to Teach Daycare

    2.98 miles

  • Decision Childcare Ministries

    2.98 miles

  • Tyler's Journey Childcare Ministry

    3.00 miles

  • God's Angels Childcare

    3.26 miles

  • Day Early Learning Lilly Family Center

    3.29 miles

  • Sunrise Christian Academy Daycare and Preschool

    4.36 miles

  • Kiddie Kollege

    5.29 miles

Frequently Asked Questions

What is the lease rate for 19 Townhome Investment Portfolio - Townes at Winthrop, Broad Ripple Village?

Rental asking rate at 19 Townhome Investment Portfolio - Townes at Winthrop, Broad Ripple Village is $2,912,500.00/YR.

What is the total square footage of 19 Townhome Investment Portfolio - Townes at Winthrop, Broad Ripple Village?

19 Townhome Investment Portfolio - Townes at Winthrop, Broad Ripple Village totals 32,400 square feet.

When was this property built?

19 Townhome Investment Portfolio - Townes at Winthrop, Broad Ripple Village was built in 2008.

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Contact Listing Broker

broker

Creighton Shook

Shook Realty Group

(317) 249-9000