1430 Jeffras AveMarion, IN 46952
- Residential income homes
Property Details for 1430 Jeffras Ave
- Property type
- Residential income homes
Description
This exceptional investment opportunity presents a portfolio of seven renovated rental properties located in Marion and Gas City, Indiana. The portfolio comprises six single-family homes and one duplex, totaling seven units, and boasts a strong annual net operating income (NOI) of $68,100, representing a compelling 13.65% capitalization rate. The asking price for this turnkey investment is $499,000, or approximately $71,285.71 per unit. The properties are classified as Class B and are currently generating consistent rental income. Tenants are responsible for all utilities and landscaping, minimizing management responsibilities. Individual unit details include: a duplex at 423 E South D St, Gas City, with a 3-bed/2-bath unit renting for $1,200 per month and a 1-bed/1-bath unit renting for $700 per month
Location Insight
- City
- Marion
- County
- Grant
- State
- Indiana
- Latitude
- 40.4843
- Longitude
- -85.6074
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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