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521-523 E 33rd St, Marion, IN 46953.png

Opportunity is knocking!

521-523 E 33rd St, Marion, IN 46953

SFR and Duplex Property
in Marion, Indiana!

PRICE: $89,000

ARV:  $122,498

 

Actual Rent: $1,500/month

Potential Rent: $2,046/month

  • Unit Mix: 

    • One 4 Bed/2 Bath Unit

    • Two 1Bed/1Bath Unit

  • Occupancy: 100% Occupied

  • Current Rents: $450-$600/Unit

  • Market Rents: $575-$896/Unit

  • Taxes: $1,344

  • Insurance: $750

  • Utilities: Tenants pay for all utilities except for water.

  • Building Square Footage:

    • 521 E 33rd St - 1,496 sq ft

    • 523 E 33rd St - 675 sq ft

  • Lot Size: 7,656 Sq Ft

  • Year Built: 1910

  • Management: Currently self-managed, but excellent local property management company ready to step in and manage this one for the next owner.

  • Cap Rate (Pro Forma): 19.75% (5% Vacancy, Taxes, Insurance, and 10% Prop Management included in Pro Forma Cap and Actuals)

  • Due Diligence: While we do our best to get all the relevant information to you, buyers are encouraged to do their own due diligence. (See Important Disclosures Below)

TEXTING IS THE FASTEST WAY TO GET A HOLD OF US!

If you have any questions about this property, please contact:

 

Primary Contact: Larry Keith (463) 240-1822

 

sales@fivestreamventures.com

FSVPROPERTIES.COM

Important Disclosures Five Stream Ventures, LLC. is not an appraiser or a general contractor and does not claim to be one. Buyer is to do their own independent due diligence. All properties are sold as is, where is with no warranties or representations expressed or implied. Five Stream Ventures, LLC. is a real estate investment firm and does not claim to be licensed real estate agents or brokers. 

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