Listed by Ellsbury Group
$68,000
715 E 30th St
Details
APN 27-07-17-202-179.000-002, 0717-202-179.000-16
Property Type Multifamily
Sub Type Single Family Rental Portfolio
Square Footage 876
Net Rentable (SqFt) 876
Units 2
Beds 3
NOI $8,800
Tenancy Single
Pro-Forma NOI $8,800
Class B
Year Built 1900
Year Renovated 2005
Buildings 1
Lot Size (SqFt) 5,000
Zoning 16-18-4665 LOT 68 MENDENHALL ADD
Investment Type Stabilized
Multifamily | 2 Units
Marketing description
This property represents a high-yield, low-volatility acquisition opportunity within the stable housing market of Marion, Indiana. Targeted specifically at the workforce housing demographic, this asset is designed to generate consistent, passive cash flow through long-term tenant occupancy. The property's fundamental metrics—a 3-bedroom, 1-bath footprint—place it squarely in the "sweet spot" for local rental demand, ensuring that the property remains competitive against both higher-cost alternatives and lower-quality housing stock.
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
$8,800.00
$733.33/mo
Valuation Metrics
0
DSCR
12.94%
Cap Rate
12.94%
ROI
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