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Listed by Justin Lowe • Ellsbury Group
$74,900
Est. payment /mo
3 Beds
1 Bath
876 SqFt
UPDATED:
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
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