CASH-FLOWING 9 DOOR PORTFOLIO!!!
$209,000 OBO
Why Marion?
Marion is one of the best cities for rentals in Indiana. The demand is high, and the supply is low. As the city grows, the demand gets even greater! Houses are being renovated all over this city. These rehabbed homes are increasing the comps in the area. As more properties are renovated, the value of your property will continue to increase along with your equity. The mayor is focusing on creating a city that attracts new families and retains those currently living in this small town which is conveniently located between Indianapolis and Fort Wayne. GM has committed to $481 million dollars to help grow commerce and increase jobs. Get in while the getting is good and before the secret is out!
Why This Portfolio?
This 9 door portfolio features 2 fully rented triplexes and 2 cash-flowing SFHs, one vacant property. All tenants are mo2mo paying below market rent with opportunity to more than double current rent. Current monthly income for the 8 occupied doors is $2950 plus potential of $611 for filling vacancy equals $3561 which is already over the 1% Rule getting 2% instead! Average monthly rent potential for these 9 doors is $5667, which provides 3% (Avg monthly rent was determined by averaging rents from Rentometer, PropStream and Zillow.) Please note to minimize disruption to tenants, limited showings will be available only for interested parties with proof of funds.
Properties
3647 S. Nebraska St. Marion, IN 46953
This 2 story 1464′ triplex with 2 covered front porches features 3 1/1 Units . Currently cash-flowing $1050 with Avg Market Rent Potential of $1842. All tenants are mo2mo. Tenants pay all utilities except sewer/water.
Click here for photos: Pics 3647 S Nebraska Marion, IN – Google Drive
1307 W. 3rd St. Marion, IN 46952
This 2 story 1860′ triplex with garage features three 1/1 Units, 1 which could easily be converted to a 2/1 with the addition of a door. Currently cash-flowing $1050 with Avg Market Rent Potential of $1949. All tenants are mo2mo. Tenants pay all utilities except sewer/water.
Click here for photos: Pics 1307 W 3rd Marion, IN – Google Drive
2524 S. Washington St. Marion, IN 46953
This 1712′ SFH 6/1.5 SFH is Cash-Flowing $450 per month with Avg Market Rent Potential of $1400. Previously a duplex which could be easily converted back to a 3/1 and 2/1 for even more income. All tenants are mo2mo and pay all utilities.
Click here for photos: Pics 2524 S Washington St Muncie, IN – Google Drive
2318 S. Boots St. Marion, IN 46953
This 768′ 2/1 SFH is Cash-Flowing $400 per month with Avg Market Rent Potential of $682. Property features a large covered front porch, shed, and a fenced in backyard. All tenants are mo2mo and pay all utilities.
Click here for photos: Pics 2318 S Boots Marion, IN – Google Drive
1615 W. Euclid Ave. Marion, IN 46952
This 1188′ 2 story 3/1 SFH features a large covered front porch, huge fenced in backyard with dog run, and a shed. Cash-Flowing $400 per month with Avg Market Rent Potential of $800. All tenants are mo2mo and pay all utilities.
Click here for photos: Pics 1615 W Euclid Marion, IN – Google Drive
313 E. Sherman St. Marion, IN
This 3/1 SFH is vacant. Avg Market Rent Potential of $611 per month.