For sale 26 days ago

$61,000

4 bd 4+ ba 2552 sqft

610 S Gallatin St, Marion, IN 46953

Residential Quadplex Occupied Off MLS

Current Rent

$1,600

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

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 27.82% with average rents.

Check it out quickly before it is gone!

Location:

610 S Gallatin St, Marion, IN 46953

Start a rental property calculator report
Use the rental calculator to determine this property's potential profit.
Analyze this property

*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.