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USAINIndianapolisW S Hubbard Park Heights507 W 29Th St
view of front of house with a porch, brick siding, and a chimney | Image 1
bungalow featuring stairway, covered porch, and roof with shingles | Image 2
view of front of home with covered porch and roof with shingles | Image 3
view of front of property with brick siding and a shingled roof | Image 4
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$600,000

Added 2 months ago

507 W 29 Th St, Indianapolis, IN

House

For Sale

Listed price in listed location currency (USD).
$600,000

Added 2 months ago

421600 sqft0
  • Key Facts
  • Description
  • Rooms
  • Map

Key Facts

Type Single Family Residence
Levels Residential
Size 1600 sqft
Garage No
Taxes 
Days Active 56
Lot Size 
Approx. Age 1925
Avg. Price Per Sqft $375
MLS® Number 22032855

Property Address: 507 W 29 Th St, Indianapolis, Indiana

Average square foot calculated using Size range provided by listing agent.

Description

Incredible opportunity to acquire a fully rented portfolio of 4 single-family homes, each occupied by long-term Section 8 tenants! This stabilized, cash-flowing package is delivering an impressive 10.6% cap rate based on current income and expenses. 406 S Harlan features 3 bedrooms, 1 bath, and 2, 288 sq ft, renting for $1, 500/month with $355 in annual taxes. 507 W 29th offers 4 bedrooms, 2 baths, and 1, 600 sq ft, earning $1, 500/month with $891 in annual taxes. 2605 N Harding provides 3 bedrooms, 1 bath, and 1, 056 sq ft, collecting $1, 653/month with $1, 162 in annual taxes. 2403 N Parker includes 4 bedrooms, 2 baths, and 1, 680 sq ft, generating $1, 800/month with $1, 214 in annual taxes. Total gross rental income is $77, 436/year. Tenants pay their own utilities and supply their own appliances, keeping owner costs low. Property management is in place at 10% of collected rents, and insurance is $600 per property annually. This portfolio is Section 8 certified, offering reliable government-backed income streams. Each property is in strong rental areas with solid tenant history. Excellent for a buy-and-hold investor looking for immediate returns and minimal maintenance headaches. Properties can be purchased as a package only. Don't miss this chance to add a high-performing, low-risk portfolio to your investment holdings!
MLS® Number22032855
Laundry Level
Central VacNo
FireplaceNo
Acreage0.07
Exterior
GarageNo
Approx. Age1925
Basement
Driveway
Garage Spaces
HeatForced Air, Natural Gas
A/C
Heating Fuel

Extras

Rooms

Change to metres

Laundry:Main6 × 6 ft
Bedroom 3:Upper10 × 10 ft
Bedroom 2:Main11 × 10 ft
Bedroom 4:Upper10 × 10 ft
Other:Main12 × 12 ft
Kitchen:Main10 × 10 ft
Living Room:Main10 × 10 ft
Dining Room:Main10 × 10 ft
507 W 29 Th St, Indianapolis, IN

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