207 W Broadway St | Kokomo Kokomo, IN 46901

This is a portfolio of 37 units, consisting of 35 single-family homes, located in Kokomo, Indiana. The properties have undergone major renovations and are fully leased, ensuring a consistent income stream. All utilities are paid by tenants, except for the triplex located at 719 W. Walnut. Kokomo, Indiana, has seen significant investments in the manufacturing sector, particularly from South Korean companies like Samsung, leading to the development of a $6.3 billion electric vehicle battery factory creating more than 2,800 jobs. This project has attracted a substantial number of workers and businesses to the area, transforming the local economy and increasing the demand for housing. As of March 2025, the average rent in Kokomo stands at $1,150 per month, reflecting a $381 increase over the past year. Despite this rise, Kokomo's rental rates remain approximately 43.77% lower than the national average of $2,045, making it an attractive option for renters. The influx of new residents associated with manufacturing expansions has heightened competition for available housing, leading to increased rental rates. This trend underscores the growing demand for single-family rentals in Kokomo, presenting opportunities for investors to capitalize on the city's economic development and the corresponding need for quality rental housing. The property is located at 207 W. Broadway St., Kokomo, IN 46901, and the total property size is 63552 square feet.