For Sale For Rent
Advertise
bedrooms
bedrooms
4
bathrooms
bathrooms
2
square feet
square feet
1,600
acreage
Acreage
0.07
open houses
Open Houses
-
year built
year built
1925
full baths
Full Baths
2
half baths
Half Baths
0
Incredible opportunity to acquire a fully rented portfolio of 4 single-family homes, each occupied by long-term Section 8 tenants! This stabilized, cash-flowing package is delivering an impressive 10.6% cap rate based on current income and expenses. 406 S Harlan features 3 bedrooms, 1 bath, and 2,288 sq ft, renting for $1,500/month with $355 in annual taxes. 507 W 29th offers 4 bedrooms, 2 baths, and 1,600 sq ft, earning $1,500/month with $891 in annual taxes. 2605 N Harding provides 3 bedrooms, 1 bath, and 1,056 sq ft, collecting $1,653/month with $1,162 in annual taxes. 2403 N Parker includes 4 bedrooms, 2 baths, and 1,680 sq ft, generating $1,800/month with $1,214 in annual taxes. Total gross rental income is $77,436/year. Tenants pay their own utilities and supply their own appliances, keeping owner costs low. Property management is in place at 10% of collected rents, and insurance is $600 per property annually. This portfolio is Section 8 certified, offering reliable government-backed income streams. Each property is in strong rental areas with solid tenant history. Excellent for a buy-and-hold investor looking for immediate returns and minimal maintenance headaches. Properties can be purchased as a package only. Don't miss this chance to add a high-performing, low-risk portfolio to your investment holdings!
Location
Subdivision W S Hubbard Park Heights
County Marion
Elementary School -
Middle School -
High School -
open houses Open houses
None scheduled.
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MLS number: 22032855
Listing agent: Charlene Gaard #RB14033327
Listing broker: No Limit Real Estate, Llc (317) 440-2149
Copyright © 2025 MIBOR Service Corporation. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.   [source]
Last update: Monday, April 28 2025 at 3:33 p.m. EDT
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