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,… Read More 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! Read Less
Courtesy of No Limit Real Estate, LLC, 317-440-2149.
Listing Snapshot
Days Online
215
Last Updated
Property Type
Single Family Residence
Beds
3
Full Baths
1
Square Ft.
1,932
Lot Size
0.12 Acres
Year Built
1921
MLS Number
22035175
Additional Details
Appliances & Equipment
Description: "Gas Oven", "Gas Water Heater"
Basement
Description: "Unfinished"
Building
Area: 1288, Architecture: "Bungalow", Building Area: 1932, Construction Materials: "Wood Siding", Levels: "One", Year Built: 1921
The data relating to real estate for sale on this website comes courtesy of MIBOR REALTOR® Association as distributed by MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.”
Based on information submitted to the MLS GRID as of ,
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