[2024] Indianapolis, Multi-Family 4-Plex (2) | 3909 Winthrop Ave
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
[2024] Indianapolis, Multi-Family 4-Plex (2) 3909 Winthrop Ave
8 Unit Apartment Building $2,638,416 CAD ($329,802 CAD/Unit) 7% Cap Rate Indianapolis, IN 46205
INVESTMENT HIGHLIGHTS
- Adjacent to Monon Walking Trail.
- 5% annual appreciation potential in a thriving Indianapolis market.
- Paradigm Construction & Development is just a 15-minute drive from each of the properties, ensuring timely support and a close hands-on approach
- Constructed with top-tier materials for long-term durability and low maintenance.
- Ready-to-go asset with professional management options.
EXECUTIVE SUMMARY
3903 & 3909 Winthrop Ave – Brand-New 8-Unit Multifamily Investment Opportunity
Turnkey investment opportunity featuring two newly constructed 4-plexes. Ideal for strategic investors seeking strong cash flow and modern, low-maintenance design.
Key Highlights:
Estimated Rental Income: $15,200/month
Cap Rate: 7%
NOI: $127,680 annually
Market Value: $2,000,000
Built with premium materials, including LP Smart Siding, for long-term durability and minimal upkeep. Completed on budget in just 8 months, this complex is a proven performer in today’s market.
Contact us today to secure this exceptional multifamily asset!
3909 Winthrop Ave's State Parcel #: 49-06-13-138-027.000-801
3903 Winthrop Ave's State Parcel #: 49-06-13-138-028.000-801
Turnkey investment opportunity featuring two newly constructed 4-plexes. Ideal for strategic investors seeking strong cash flow and modern, low-maintenance design.
Key Highlights:
Estimated Rental Income: $15,200/month
Cap Rate: 7%
NOI: $127,680 annually
Market Value: $2,000,000
Built with premium materials, including LP Smart Siding, for long-term durability and minimal upkeep. Completed on budget in just 8 months, this complex is a proven performer in today’s market.
Contact us today to secure this exceptional multifamily asset!
3909 Winthrop Ave's State Parcel #: 49-06-13-138-027.000-801
3903 Winthrop Ave's State Parcel #: 49-06-13-138-028.000-801
FINANCIAL SUMMARY (PRO FORMA - 2024) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $2,638,416 CAD | Property Subtype | Apartment |
| Price Per Unit | $329,802 CAD | Apartment Style | Townhome |
| Sale Type | Investment | Building Class | B |
| Cap Rate | 7% | Lot Size | 0.27 AC |
| Gross Rent Multiplier | 10 | Building Size | 7,728 SF |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 2024 |
| Price | $2,638,416 CAD |
| Price Per Unit | $329,802 CAD |
| Sale Type | Investment |
| Cap Rate | 7% |
| Gross Rent Multiplier | 10 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | B |
| Lot Size | 0.27 AC |
| Building Size | 7,728 SF |
| No. Stories | 2 |
| Year Built | 2024 |
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Microwave
- Washer/Dryer
- Ceiling Fans
- Kitchen
- Granite Countertops
- High Speed Internet Access
- Ice Maker
- Refrigerator
- Oven
- Range
- Walk-In Closets
- Double Pane Windows
- Lawn
- Linen Closet
- Pantry
- Porch
- Vinyl Flooring
SITE AMENITIES
- 24 Hour Access
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1.5 | 8 | $2,748 CAD | 931 |
1 of 1
Bike Score®
Very Bikeable (76)
PROPERTY TAXES
| Parcel Numbers | Total Assessment | $51,045 CAD (2023) | |
| Land Assessment | $51,045 CAD (2023) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $0 CAD (2023) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$51,045 CAD (2023)
Improvements Assessment
$0 CAD (2023)
Total Assessment
$51,045 CAD (2023)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2024
ZONING
| Zoning Code | D8 (The D-8 zoning district is intended to accommodate a variety a variety of housing formats, including Multi-Unit Homes.) |
| D8 (The D-8 zoning district is intended to accommodate a variety a variety of housing formats, including Multi-Unit Homes.) |
1 of 38
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
[2024] Indianapolis, Multi-Family 4-Plex (2) | 3909 Winthrop Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.