Active
537 N Rural Street
Indianapolis, IN 46201 (MLS #MBR22035175)
$500,000
Beds
3
Baths
1
Square Ft.
1,932
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… Read More 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.
Days Online
12
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
MBR22035175
Appliances & Equipment
Description: "Gas Oven", "Gas Water Heater"
Basement
Description: "Unfinished"
Building
Area: 1288, Architecture: "Bungalow", Building Area: 1932, Construction Materials: "Wood", Levels: "One", Year Built: 1921
Exterior Features
Features: "Storage Shed", Patio Features: "Open Patio", "Covered Porch"
Fence
Description: "Fence Full Rear"
Fireplaces
Total Fireplaces: 1
Garage
Garage Spaces: 1
Heating
Heating: "Forced Air", "Natural Gas"
Lot
Features: "Sidewalks", Acres: 0.12, MLS Acres: <1/4 Acre
Property
Description: "Smoke Alarm"
Utilities
Water Source: "Municipal/City"
Area snapshot
30 Days Snapshot Of 46201
$205k
(avg) sold price
-19%
47
homes sold
+14%
107
(avg) days on market
+24%
Nearby Schools
*Please check the school district website to see all schools in this area
Center For Inquiry School 2
Public
KG-8
IPS Butler University Laboratory School 55
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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