Property profile

1430 Jeffras Ave Marion, IN 46952

OFF-MARKET
Residential income homes
Property ID
US31-1510285
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Property summary

AI-generated overview

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

Property profile

Verified
Property type Residential income homes
UPID US31-1510285

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1430 Jeffras Ave Marion, IN 46952
Marion metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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