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Bob Magiera

bob@hoosier-realtors.com +1(812) 327-3763

Listed by Justin Lowe • Ellsbury Group

$ 74,900

Est. payment | -/mo

3 Beds

1 Bath

876 SqFt

Save

$ 74,900

Est. payment | -/mo

Save

3 Beds

1 Bath

876 SqFt

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 876 sqft

Price per Sqft $85

Subdivision No Subdivision

MLS Listing ID 22105381

Bedrooms 3

Full Baths 1

HOA Y/N No

Year Built 1900

Tax Year 2025

Lot Size 6,098 Sqft

Acres 0.14

Property Sub-Type Single Family Residence

Property Description

This property represents a high-yield, low-volatility acquisition opportunity within the stable housing market of Marion, Indiana. Targeted specifically at the workforce housing demographic, this asset is designed to generate consistent, passive cash flow through long-term tenant occupancy. The property's fundamental metrics-a 3-bedroom, 1-bath footprint-place it squarely in the "sweet spot" for local rental demand, ensuring that the property remains competitive against both higher-cost alternatives and lower-quality housing stock. PROPERTY HIGHLIGHTS Rental Demand: The 3-bedroom, 1-bath configuration is a versatile product type, appealing to small families and long-term tenants. Market Trends: Recent data indicates a steady appreciation in rental rates, with 3-bedroom units in the broader Marion area averaging approximately $1,025 per month. Strategic Advantage: The local rental market is bolstered by an affordability ratio significantly more favorable than national averages, minimizing tenant turnover and vacancy risks compared to higher-cost-of-living metros.

Location

State IN

County Grant

Rooms

Main Level Bedrooms 3

Interior

Interior Features Pantry, Walk-In Closet(s)

Heating Electric

Cooling Central Air

Fireplace N

Appliance Microwave, Water Heater, Refrigerator

Exterior

View Y/N true

View Neighborhood

Building

Story One

Foundation Crawl Space

Water Public

Architectural Style Bungalow

Structure Type Vinyl Siding

New Construction false

Schools

School District Madison-Grant United School Corp

Nearby Locations

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Bob Magiera

REALTOR® | Lic# RB19001053

bob@hoosier-realtors.com

+1(812) 327-3763

6225 S. Franklin Rd., Indianapolis, IN, 46259

715 E 30th ST Marion, IN 46953

Bob Magiera

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

715 E 30th ST