Kokomo, IN SFR Portfolio 35 Multifamily Properties in Kokomo, IN

Property Description:
Explore the compelling investment opportunity presented by this meticulously renovated 37-unit, 35 single-family homes/37 doors portfolio in Kokomo, IN. With substantial net operating incomes, these turnkey property promises attractive returns. Each of the thirty-seven units is fully leased, ensuring a consistent income stream for investors. The portfolio has undergone major renovations, positioning it as a highly desirable housing option in the area. This is a rare chance to acquire a well-maintained multifamily/single-family rental portfolio, offering a strong foundation for a successful & lucrative investment venture.
Location Description:
Kokomo, Indiana, has emerged as a notable market for single-family rentals, driven by a combination of economic growth and increasing housing demand. The city has seen significant investments in the manufacturing sector, particularly from South Korean companies like Samsung, leading to the development of a $6.3 billion electric vehicle battery factory creating more than 2,800 jobs. This project has attracted a substantial number of workers and businesses to the area, transforming the local economy and increasing the demand for housing. As of March 2025, the average rent in Kokomo stands at $1,150 per month, reflecting a $381 increase over the past year. Despite this rise, Kokomo's rental rates remain approximately 43.77% lower than the national average of $2,045, making it an attractive option for renters.
The influx of new residents associated with manufacturing expansions has heightened competition for available housing, leading to increased rental rates. This trend underscores the growing demand for single-family rentals in Kokomo, presenting opportunities for investors to capitalize on the city's economic development and the corresponding need for quality rental housing.