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,… Read More 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! Read Less
Courtesy of No Limit Real Estate, LLC.
Listing Snapshot
Days Online
15
Last Updated
Property Type
Single Family Residence
Beds
3
Full Baths
1
Square Ft.
1,932
Lot Size
0.12 Acres
Year Built
1921
MLS Number
MBR22035175
30 Days Snapshot Of 46201
$199k
-26%
(avg) sold price
46
+15%
homes sold
105
+26%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Description: "Gas Oven", "Gas Water Heater"
Basement
Description: "Unfinished"
Building
Area: 1288, Architecture: "Bungalow", Building Area: 1932, Construction Materials: "Wood", Levels: "One", Year Built: 1921
