$83,000
3008 S Meridian St, Marion, IN 46953
Current Rent **
N/A
Projected Rent **
$1,287
Unit 1 Details
- Current Rent:
- Bedroom: 2 bd
- Bathroom: 1 ba
- Square Footage: 0 sqft
- Occupied: No
- Needs Repairs: No
- Off MLS: Yes
Unit 2 Details
- Current Rent:
- Bedroom: 1 bd
- Bathroom: 1 ba
- Square Footage: 0 sqft
- Occupied: No
- Needs Repairs: No
- Off MLS: Yes
๐ฅ (๐ ๐ฎ๐ฟ๐ถ๐ผ๐ป, ๐๐ป๐ฑ๐ถ๐ฎ๐ป๐ฎ) ๐๐๐ฝ๐น๐ฒ๐ ๐ฃ๐ฟ๐ผ๐ฝ๐ฒ๐ฟ๐๐ | ๐ฉ๐ฎ๐ฐ๐ฎ๐ป๐ | ๐ง๐ฒ๐ป๐ฎ๐ป๐๐ ๐ฝ๐ฎ๐ ๐ณ๐ผ๐ฟ ๐ฎ๐น๐น ๐๐๐ถ๐น๐ถ๐๐ถ๐ฒ๐ ๐ฅ
ARV: $108,221
Potential Rent: $1,287/month
Unit Mix: One 2 Bed/1 Bath Unit and One 1 Bed/1 Bath Unit
Occupancy: 100% Vacant
Market Rents: $599-$688/Unit
Taxes: $1,979
Insurance: $500
Utilities: Tenants pay for all utilities.
Building Square Footage:
2Bed/1Bath - 864 sq ft
1Bed/1Bath - 596 sq ft
Lot Size: 0.45 Acres
Year Built: 1945
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): 11.38% (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)
Location:
3008 S Meridian 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.
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