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Sold over 1 year ago

$154,500

rooms 4+ ba 4986 sqft

3601 S Boots St & 1103/1105 W 5th St, Marion, IN 46953

Commercial Commercial Occupied Off MLS

Current Rent **

$525

Projected Rent **

$650

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Collect $3,595 /month OR MORE on this 6 Unit 2 Property Package in Marion, Indiana!

Take advantage of this great investment opportunity and easily add this 6 unit 2 property package to your portfolio!

Already cash flowing with 100% occupancy bringing in $31,440/year! Located in Marion Indiana in a Solid C Class neighborhood.

This 6 unit 2 property package consists of a 4 unit quadplex and a 2 unit duplex that are only 7 minutes apart. Unit mix is one - 2 bedroom / 1 bath unit and five - 1 bedroom / 1 bath units. 100% occupied with tenants paying electricity and gas. The owner pays water, sewer and a small common electric area. Annual common electric approximately $839. Water & Sewer approximately $2,832/year

Conveniently located minutes away from several schools, restaurants, and major corporations.

Don't let this one get away!

Location:

3601 S Boots St & 1103/1105 W 5th St, Marion, IN 46953

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* 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.