IN > Indianapolis > W S Hubbard Park Heights
Indianapolis, IN 46208,507 W 29th ST
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Indianapolis, IN 46208,507 W 29th ST
Indianapolis, IN 46208,507 W 29th ST
Indianapolis, IN 46208,507 W 29th ST
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Charlene Brown

Charlene Brown

+1(317) 331-1810
Listed by Charlene Gaard • No Limit Real Estate, LLC
$ 600,000
Est. payment /mo
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507 W 29th ST Indianapolis, IN 46208

4 Beds

2 Baths

2,400 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 2,400 sqft

Price per Sqft $250

Subdivision W S Hubbard Park Heights

MLS Listing ID 22032855

Bedrooms 4

Full Baths 2

HOA Y/N No

Year Built 1925

Tax Year 2024

Lot Size 3,049 Sqft

Acres 0.07

Property Sub-Type Single Family Residence

Property 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!

Location

State IN

County Marion

Rooms

Main Level Bedrooms 2

Kitchen Kitchen Some Updates

Interior

Interior Features Attic Access

Heating Forced Air, Natural Gas

Fireplaces Number 1

Fireplaces Type Other

Fireplace Y

Appliance None

Exterior

Garage Spaces 1.0

Building

Story One and One Half

Foundation Block

Water Municipal/City

Architectural Style TraditonalAmerican

Structure Type Brick,Vinyl Siding

New Construction false

Schools

School District Indianapolis Public Schools

MIBOR MLS
© 2025 Listings courtesy of MIBOR as distributed by MLS GRID. All Rights Reserved.
agent

Charlene Brown

Broker Associate | License ID: 14030081

+1(317) 331-1810

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507 W 29th ST