Hi There! Is this Your First Time?
Did you know if you Register you have access to free search tools including the ability to save listings and property searches? Did you know that you can bypass the search altogether and have listings sent directly to your email address? Check out our how-to page for more info.
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
Similar Properties To: 537 N Rural Street, Indianapolis
Hickory Run
- MLS® #:
- 22034248
- Provider:
- M/i Homes Of Indiana, L.p.
Ritchling Acres
- MLS® #:
- 22034316
- Provider:
- Erin Anderson Realty
Sycamore Run
- MLS® #:
- 22034186
- Provider:
- Highgarden Real Estate
Crossing South
- MLS® #:
- 22037205
- Provider:
- Your Realty Link, Llc
Martindales Lincoln Park
- MLS® #:
- 22029935
- Provider:
- Compass Indiana, Llc
No Subdivision
- MLS® #:
- 22027527
- Provider:
- @properties
Meridian Kessler Terrace
- MLS® #:
- 22021786
- Provider:
- Horizon Realty Group Llc
Culver Riggs & Lynns
- MLS® #:
- 22034557
- Provider:
- Everystate, Inc.
View all similar properties here
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 13th, 2025 at 2:10pm EDT.
