Log In/Sign Up
Your email has been sent.
The Win 6159 Winthrop Ave 24 Unit Apartment Building For Sale 5.83% Cap Rate Indianapolis, IN 46220
Investment Highlights
- New Construction, High Quality Real Estate: 2016-Vintage with No Deferred Maintenance
- ?Irreplaceable Broad Ripple Village Location: Broad Ripple is one of Indianapolis' Most Lively and Walkable Districts with a Walkability Score of 92.
- Rent Comps Supportive of Future Upside: Similar Product is Achieving $400/mo Premiums
- Large Townhomes with Premium Finishes: Spacious Two- and Three-Bedroom Townhomes Featuring Condo-Quality Level of Finish
- Affluent Northside of Indianapolis: One-Mile Average Household Income Boasting $146K
Executive Summary
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.?
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.?
Property Facts
| Sale Type | Investment | Building Class | C |
| Cap Rate | 5.83% | Lot Size | 1.32 AC |
| No. Units | 24 | Building Size | 29,688 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 2016 |
| Apartment Style | Townhome | Parking Ratio | 2.02/1,000 SF |
| Zoning | ZO01 - Residential | ||
| Sale Type | Investment |
| Cap Rate | 5.83% |
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | C |
| Lot Size | 1.32 AC |
| Building Size | 29,688 SF |
| No. Stories | 2 |
| Year Built | 2016 |
| Parking Ratio | 2.02/1,000 SF |
| Zoning | ZO01 - Residential |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Microwave
- Storage Space
- Washer/Dryer
- Ceiling Fans
- Eat-in Kitchen
- Kitchen
- Granite Countertops
- Hardwood Floors
- Ice Maker
- Refrigerator
- Oven
- Tub/Shower
- Double Pane Windows
- Island Kitchen
- Linen Closet
- Pantry
- Porch
- Vinyl Flooring
- Window Coverings
Site Amenities
- 24 Hour Access
- Property Manager on Site
- Recycling
- Bicycle Storage
- Maintenance on site
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2.5 | 8 | - | 1,074 |
| 3+2.5 | 16 | - | 1,333 |
1 1
Moderately walkable
60/100
Moderately drivable
70/100
Limited public transit
20/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 49-06-01-101-028.000-801 | Improvements Assessment | $3,674,800 |
| Land Assessment | $303,900 | Total Assessment | $3,978,700 |
Property Taxes
Parcel Number
49-06-01-101-028.000-801
Land Assessment
$303,900
Improvements Assessment
$3,674,800
Total Assessment
$3,978,700
1 of 29
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
