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537 N Rural Street, Indianapolis, IN 46201
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$500,000
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Home Details for 537 N Rural Street
Price
$500,000
Type
Single Family
Bedrooms
3
Total Bathrooms
1
Full Bathrooms
1
Year Build
1921
Sq. Ft.
1288
Lot Size
0.12
County
Marion
Total Rooms
6
Garage
1
Basement
Unfinished
MLS®️ Listing#
22035175
On exitrealty.com
148 days
Property 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 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!
Listing Courtesy: No Limit Real Estate, LLC - 317-440-2149
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Last Updated: 2026-01-17 20:48:30
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