$500,000

537 N Rural Street , Indianapolis, IN 46201

 
Bedrooms:3 beds
Bathrooms:1 baths
Residential:1,288 sqft
Lot:0.12
Year Built:1921
Listing Status:Active

Listing Agent

Charlene Gaard
https://www.nolimitrealestate.com
Loan Amount:
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These amounts are estimates and do not take into consideration other expenses such as PMI, etc.. This is only an estimate.

Description

Rare opportunity to own three contiguous, fully rented single-family homes offering an outstanding 12.3% cap rate! All properties are occupied by long-term Section 8 tenants who pay their own utilities and supply their own appliances, minimizing owner responsibilities. 537 N Rural features 3 bedrooms, 1 bath, and 1,288 sq ft, renting for $1,500/month with $3,334 in annual taxes. 541 N Rural offers 5 bedrooms, 2 baths, and 1,628 sq ft, earning $1,875/month with $1,825 in annual taxes. 545 N Rural includes 2 bedrooms, 1 bath, and 1,056 sq ft, generating $1,653/month with $1,162 in annual taxes. Total gross rental income is $60,336 annually. Professional property management is in place at a 10% fee, with annual insurance of $600 per property. These homes sit side-by-side on three contiguous lots, offering both immediate cash flow and excellent long-term redevelopment or value-add potential. An ideal turnkey investment with guaranteed income streams, minimal maintenance, and strong market fundamentals. Don't miss this chance to secure a stable, high-yield portfolio!

Detailed Items

Other Information

537 N Rural Street, Indianapolis, IN, 46201 is a residential listing of 1,288 sqft on a lot of 0.12. This residential listing has 3 bedrooms, and 1 baths. The map for this location can be viewed on Google maps at Google maps to property537 N Rural Street, Indianapolis, IN
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