507 W 29th ST Active Save Request In-Person Tour Request Virtual Tour
Indianapolis,IN 46208
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 2,400 sqft
Price per Sqft $250
Subdivision W S Hubbard Park Heights
MLS Listing ID 22032855
Bedrooms 4
Full Baths 2
HOA Y/N No
Year Built 1925
Tax Year 2024
Lot Size 3,049 Sqft
Acres 0.07
Property Sub-Type Single Family Residence
Property Description
Incredible opportunity to acquire a fully rented portfolio of 4 single-family homes, each occupied by long-term Section 8 tenants! This stabilized, cash-flowing package is delivering an impressive 10.6% cap rate based on current income and expenses. 406 S Harlan features 3 bedrooms, 1 bath, and 2,288 sq ft, renting for $1,500/month with $355 in annual taxes. 507 W 29th offers 4 bedrooms, 2 baths, and 1,600 sq ft, earning $1,500/month with $891 in annual taxes. 2605 N Harding provides 3 bedrooms, 1 bath, and 1,056 sq ft, collecting $1,653/month with $1,162 in annual taxes. 2403 N Parker includes 4 bedrooms, 2 baths, and 1,680 sq ft, generating $1,800/month with $1,214 in annual taxes. Total gross rental income is $77,436/year. Tenants pay their own utilities and supply their own appliances, keeping owner costs low. Property management is in place at 10% of collected rents, and insurance is $600 per property annually. This portfolio is Section 8 certified, offering reliable government-backed income streams. Each property is in strong rental areas with solid tenant history. Excellent for a buy-and-hold investor looking for immediate returns and minimal maintenance headaches. Properties can be purchased as a package only. Don't miss this chance to add a high-performing, low-risk portfolio to your investment holdings!
Location
State IN
County Marion
Rooms
Main Level Bedrooms 2
Kitchen Kitchen Some Updates
Interior
Interior Features Attic Access
Heating Forced Air,Natural Gas
Cooling Central Air
Fireplaces Number 1
Fireplaces Type Other
Fireplace Y
Appliance None
Exterior
Garage Spaces 1.0
Building
Story One and One Half
Foundation Block
Water Public
Architectural Style Traditional
Structure Type Brick,Vinyl Siding
New Construction false
Schools
School District Indianapolis Public Schools