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Sold almost 5 years ago

$31,000

4 bd 2 ba 2554 sqft

3233 S Felton Street & 205 E 33rd St, Marion, IN 46953

Residential SFR Occupied Off MLS

Current Rent **

$450

Projected Rent **

N/A

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Collect $1,450/month OR MORE on this 3 Unit 2 Property Package Deal in Marion, Indiana!

Perfect Starter Property

Are you looking for real passive income?
Are you looking to multiply your returns in real estate?
Tired of competing over single-family units?

For less than the price of most Single-Family Homes, you can have 3 income-producing units!

PRICED TO MOVE QUICKLY: $31,000

This multifamily property offers multiple money-generating strategies:

Priced to MOVE
$11,310 estimated/pro forma annual NOI
Room for Rent Increases
Perfect small multifamily deal
Even more possible value plays!

Location:

3233 S Felton Street & 205 E 33rd 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.