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31557696
31557698

6159 Winthrop Ave, Indianapolis, IN 46220 For Sale

AM
IN RB18000247
Marcus & Millichap - Tampa
AK
IN RB17000780
Marcus & Millichap - Indianapolis
Listed by Marcus & Millichap - Tampa, Marcus & Millichap - Indianapolis
Unpriced
100 days on market
Updated 94 days ago

The Win Townhomes

Details
Property Type Multifamily
Sub Type Apartment Building
Net Rentable (SqFt) 29,920
Units 24
Cap Rate 5.83%
NOI $375,831
Pro-Forma NOI $446,219
Class A
Year Built 2016
Buildings 4
Stories 2
Acreage 1.320

2016-Vintage Townhomes in Prime Broad Ripple with Upside

Marketing description

OM & Deal Room:

https://www.marcusmillichap.com/properties/204161/the-win-townhomes

Marketing Description:

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.

Investment highlights

OM & Deal Room:

https://www.marcusmillichap.com/properties/204161/the-win-townhomes

Investment 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

Listing Contacts

AM
IN RB18000247
Marcus & Millichap - Tampa
AK
IN RB17000780
Marcus & Millichap - Indianapolis
Listed by Marcus & Millichap - Tampa, Marcus & Millichap - Indianapolis

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$375,831.00
$31,319.25/mo

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Additional Information

Name
Julia Evinger
License
IN RB14040143
Title
Broker of Record
Name
Austin Meeker
License
RB18000247
Brokerage
Marcus & Millichap
Brokerage Phone
3172185349
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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