$500,000
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537 N Rural Street Indianapolis, IN 46201
Single Family
Residence
3
Beds
1
Baths
...
Bed/Bath
1,288
Sq. Ft.
Property Activity
Time on Site
days
Days on Market
Views
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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 bedroom...s, 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!
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MLS#
22035175
Property Type
Single Family
Bedrooms
3
Bathrooms
1 Full
Year Built
1921
Square Feet
1,288
sq. ft
Lot Size
0.12
Stories
1.0
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