ONLY $120k OBO for 3 Doors in Kokomo
Buy and Hold SFH and 2 Apartments Kokomo. IN
522 W Walnut St Kokomo, IN
Take advantage of the hot rental market in Kokomo with the potential to earn over $3k per month with this 3 Door Buy and Hold! This package features a SFH and 2 Apartments on one parcel of land. The SFH is 2077 sq ft and has 3 bedrooms and 1 ½ baths. Each apartment is 504 sq ft with one bedroom and one bath.
All units are separately metered. The property is located in the Old Silk Stocking Neighborhood close to downtown and public transportation.
The SFH had a new roof installed in 2018, updated sewer line in 2017, and all new windows on the bottom floor. The water heaters in apartments were installed in 2019 and 2022. Age of other mechanicals is not known but everything is in working order.
Per Rentometer, avg monthly market rent for a 3/1.5 SFH is $1402 and $960 per 1/1 apartment for a total of $3,322 per month.
Click here for additional photos and video: Pics 522 W Walnut St Kokomo, IN – Google Drive