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537 N Rural Street Indianapolis IN 46201
- 3
- Bedrooms
- 1
- Baths
- N/A
- SQ. Feet
(Above Ground)
- 0.12
- Acres
Rare opportunity to own three contiguous, fully rented single-family homes offering an outstanding 12.3% cap rate! All properties are occupied by long-term Section 8 tenants who pay their own utilities and supply their own appliances, minimizing owner responsibilities. 537 N Rural features 3 bedrooms, 1 bath, and 1,288 sq ft, renting for $1,500/month with $3,334 in annual taxes. 541 N Rural offers 5 bedrooms, 2 baths, and 1,628 sq ft, earning $1,875/month with $1,825 in annual taxes. 545 N Rural includes 2 bedrooms, 1 bath, and 1,056 sq ft, generating $1,653/month with $1,162 in annual taxes. Total gross rental income is $60,336 annually. Professional property management is in place at a 10% fee, with annual insurance of $600 per property. These homes sit side-by-side on three contiguous lots, offering both immediate cash flow and excellent long-term redevelopment or value-add potential. An ideal turnkey investment with guaranteed income streams, minimal maintenance, and strong market fundamentals. Don't miss this chance to secure a stable, high-yield portfolio!
Property Details
Interior Features
- Appliances: Gas Oven, Gas Water Heater
- Heating: Forced Air, Natural Gas
Exterior Features
- Features: Storage Shed
- Setting / Lot Description: Sidewalks
- Porch: Open Patio, Covered Porch
- # Acres: 0.12
Listing Office: No Limit Real Estate, Llc
Office Contact: charlenegaard@aol.com
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All information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties that a consumer may be interested in purchasing. All Information believed to be reliable but not guaranteed and should be independently verified. © 2025 Metropolitan Indianapolis Board of REALTORS®. All rights reserved.
Listing information last updated on May 2nd, 2025 at 6:10pm EDT.
