$46,000
610 S Gallatin St, Marion, IN 46953
Current Rent **
$1,600
Projected Rent **
$2,656
Unit 1 Details
- Current Rent: $425
- Bedroom: 1 bd
- Bathroom: 1 ba
- Square Footage: 638 sqft
- Occupied: Yes
- Needs Repairs: No
- Off MLS: Yes
Unit 2 Details
- Current Rent: $425
- Bedroom: 1 bd
- Bathroom: 1 ba
- Square Footage: 638 sqft
- Occupied: Yes
- Needs Repairs: No
- Off MLS: Yes
Unit 3 Details
- Current Rent: $375
- Bedroom: 1 bd
- Bathroom: 1 ba
- Square Footage: 638 sqft
- Occupied: Yes
- Needs Repairs: No
- Off MLS: Yes
Unit 4 Details
- Current Rent: $375
- Bedroom: 1 bd
- Bathroom: 1 ba
- Square Footage: 638 sqft
- Occupied: Yes
- Needs Repairs: No
- Off MLS: Yes
Collect $2,656 /month OR MORE on this 4 Unit Quadplex in Marion, Indiana!
Add to your cash flow of your portfolio with this quadplex!
This property has four 1 bedroom/1 bath units that are 100% occupied. The electric is separately metered and the owner pays all other utilities. The interiors are in good shape.
It currently generates $1,600 in monthly income but rents are well under average for the area so a good opportunity to raise rents and increase cash flow. The pro forma cap rate is 48.99% with average rents.
Check it out quickly before it is gone!
Location:
610 S Gallatin St, Marion, IN 46953
Report Abuse
* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.
** Current rent and projected rent are provided by the lister.
† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.
‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.
Only paying BiggerPockets members can do this!
Upgrade your account to a Pro membership to finish uploading your listing.
Pro Marketplace Benefits
- List up to 2 properties a day under Real Estate Listing
- Re-port your Real Estate Listing every 5 days
- Create job & buying ads in the Marketplace
Additional Pro Benefits
- Unlimited use & access to Rental Property Calculator
- Over $5,000 worth of discounts in Pro Perks
- Access to 50 states & DC landlord forms
- Forum Keyword Alerts
- And more!