Active
507 W 29th Street
Indianapolis, IN 46208 (MLS #MBR22032855)
$600,000
Beds
4
Baths
2
Square Ft.
2,400
Description
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,… Read More 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! Read Less
Courtesy of No Limit Real Estate, LLC.
Days Online
8
Last Updated
Property Type
Single Family Residence
Beds
4
Full Baths
2
Square Ft.
2,400
Lot Size
0.07 Acres
Year Built
1925
MLS Number
MBR22032855
Appliances & Equipment
Description: "None"
Building
Area: 1600, Architecture: "TraditonalAmerican", Building Area: 2400, Construction Materials: "Brick", "Vinyl Siding", Levels: "One and One Half", Year Built: 1925
Fireplaces
Total Fireplaces: 1
Garage
Garage Spaces: 1
Heating
Heating: "Forced Air", "Natural Gas"
Kitchen
Other Features: Kitchen Some Updates
Lot
Acres: 0.07, MLS Acres: <1/4 Acre
Utilities
Water Source: "Municipal/City"
Area snapshot
30 Days Snapshot Of 46208
$335k
(avg) sold price
+8%
38
homes sold
+22%
92
(avg) days on market
-17%
Nearby Schools
*Please check the school district website to see all schools in this area
Center For Inquiry School 27
Public
PK-8
Shortridge High School
Public
9-12
George Washington High School
Public
9-12
Snapshot
Area Map
Mortgage Calculator
Monthly Payment
$0
The above figures are estimates and are not endorsed or certified. Check with your lender for actual interest rates.
Listing Information © Metropolitan Indianapolis Board of REALTORS®. All Rights Reserved.
Information Deemed Reliable But Not Guaranteed.
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