Listed by Ellsbury Group
$80,000
105 W 36th St
Details
APN 27-07-18-304-006.000-002, 0718-304-006.000-16
Property Type Multifamily
Sub Type Single Family Rental Portfolio
Square Footage 1,079
Net Rentable (SqFt) 1,079
Units 2
Beds 3
Cap Rate 10.73%
NOI $8,582
Occupancy 100%
Tenancy Single
Rent Bumps No
Pro-Forma Cap Rate 11.25%
Pro-Forma NOI $9,000
Price per SqFt $74
Class B
Year Built 1900
Year Renovated 2015
Buildings 1
Lot Size (SqFt) 7,200
Zoning 510
Investment Type Stabilized
Sale Condition N/A
Multifamily | 10.73% CAP | 2 Units
Marketing description
This property offers a compelling "buy-and-hold" opportunity in the Marion, Indiana market. With a focus on stable cash flow and long-term appreciation, this asset serves a high-demand renter demographic in a region characterized by affordability and consistent rental growth. Newly renovated interior with a well-kept and maintained property. Tenants pay all utilities and take care of lawn and snow.
Investment highlights
- Rental Demand: The 3-bedroom, 1-bath configuration is a versatile product type, appealing to small families and long-term tenants.
- Market Trends: Recent data indicates a steady appreciation in rental rates, with 3-bedroom units in the broader Marion area averaging approximately $1,025 per month.
- Strategic Advantage: The local rental market is bolstered by an affordability ratio significantly more favorable than national averages, minimizing tenant turnover and vacancy risks compared to higher-cost-of-living metros.
Listing Contacts
Listed by Ellsbury Group
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$8,582.00
$715.17/mo
Valuation Metrics
0
DSCR
10.73%
Cap Rate
10.73%
ROI
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