For Sale For Rent
Advertise
bedrooms
bedrooms
3
bathrooms
bathrooms
1
square feet
square feet
1,288
acreage
Acreage
0.12
open houses
Open Houses
-
year built
year built
1921
full baths
Full Baths
1
half baths
Half Baths
0
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!
Location
Subdivision Ardella Add
County Marion
Elementary School -
Middle School -
High School -
open houses Open houses
None scheduled.
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MLS number: 22035175
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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