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3 Kokomo Properties RENTALS 1 Multifamily Properties Offered at $439,000 in Kokomo, IN
Investment Highlights
- Turnkey Kokomo portfolio of 3 remodeled SFRs with multi-unit, ADU, and rent-by-room conversion potential, scalable to 14+ beds for massive cash-flow
- Prime 46901 location near IU Kokomo, Ivy Tech, hospitals, and major employers—strong demand drivers for student housing, workforce rentals, and STR!
- Projected $7,000–$9,500/mo with duplex/ADU conversions, RbR setups, or sober-living programs; ideal for DSCR, BRRRR, and high-yield value-add investor
Executive Summary
Exclusive Kokomo Investment Portfolio: 1135 N Bell St, 1115 N Bell St & 1116 E Taylor St, Kokomo, IN 46901
3 Cash-Flowing SFRs with Strong Value-Add & Conversion Upside | Currently Rented | Immediate Rent Growth + Multifamily Potential
Investment Highlights
Currently Cash Flowing Portfolio: All three properties are occupied with month-to-month tenants. Current gross rents total approximately $4,800/month with immediate upside through rent increases and unit conversions.
Quick Rent Upside:
1135 N Bell St – Currently $1,600/mo MTM, can increase to $1,700/mo.
1115 N Bell St – Currently $1,700/mo, can increase to $2,800/mo by converting to duplex or triplex with simple partition wall addition.
1116 E Taylor St – Main house rented at $1,500/mo MTM; 550 sq ft ADU in rear can add $900/mo as a 2/1 (kitchenette needed).
Value-Add Conversion Opportunities:
1115 N Bell St can easily convert to duplex or triplex.
1116 E Taylor St offers ADU conversion potential (currently open shell) plus basement finishing for additional bedroom(s) and possible second bathroom.
Multiple properties feature layouts and separate structures conducive to adding units with minimal capital.
High-End Remodels Completed: Properties feature new roofs, new HVAC (central air and furnace), updated plumbing and electrical, new electrical panels with exterior meter bases, new windows, LVP flooring, remodeled kitchens and baths, fresh paint, and laundry hookups. Minor punch-list items remain for full turnkey status.
Property Details:
1135 N Bell St: Fully remodeled 2-story home. New roof, new AC, new electrical panel with exterior meter base, all new plumbing and electrical, new windows, new water heater.
1115 N Bell St: Totally remodeled 5 bed / 2 bath, 2-story. New roof, new windows, new electrical panel/meter/base, updated plumbing and electrical, central air, new water heater, updated baths, new flooring, laundry hookups.
1116 E Taylor St: 3/1 main house with finished basement bedroom, central HVAC, updated plumbing/electrical, huge 2-car garage. 550 sq ft ADU shell in rear (can become 2/1 with kitchenette; needs roof). Plenty of parking. Additional bathroom and bedroom potential in basement.
Strong Local Demand Drivers: Located near IU Kokomo, Ivy Tech, Community Howard Regional Health, Ascension St. Vincent, Chrysler/FCA plant, and Kokomo Speedway. High demand for quality rentals from students, medical professionals, and workforce tenants. Kokomo 46901 zip code showing steady appreciation and gentrification momentum.
Ideal for:
Cash-flow investors seeking immediate income with built-in rent growth
Value-add buyers looking to convert to duplex/triplex and ADU configurations
BRRRR or buy-and-hold strategies in a rising Kokomo market
Section 8 / voucher-friendly properties with strong tenant demand
Note: 1506 Main St is available separately (not included in this portfolio). It is a 3/1 currently rented at $1,300/mo on a year lease and can increase to $1,400/mo. Features new roof, detached 2-car garage, partially fenced yard, upgraded plumbing/electrical, new windows, and central AC/furnace.
Serious inquiries only. Proof of funds required for showings. Fast close possible with motivated seller.
Contact:
Jamie Franklin | Acquire JDF Corp
317-610-9834 | franklinjinvestments@gmail.com
www.reioffer.net
3 Cash-Flowing SFRs with Strong Value-Add & Conversion Upside | Currently Rented | Immediate Rent Growth + Multifamily Potential
Investment Highlights
Currently Cash Flowing Portfolio: All three properties are occupied with month-to-month tenants. Current gross rents total approximately $4,800/month with immediate upside through rent increases and unit conversions.
Quick Rent Upside:
1135 N Bell St – Currently $1,600/mo MTM, can increase to $1,700/mo.
1115 N Bell St – Currently $1,700/mo, can increase to $2,800/mo by converting to duplex or triplex with simple partition wall addition.
1116 E Taylor St – Main house rented at $1,500/mo MTM; 550 sq ft ADU in rear can add $900/mo as a 2/1 (kitchenette needed).
Value-Add Conversion Opportunities:
1115 N Bell St can easily convert to duplex or triplex.
1116 E Taylor St offers ADU conversion potential (currently open shell) plus basement finishing for additional bedroom(s) and possible second bathroom.
Multiple properties feature layouts and separate structures conducive to adding units with minimal capital.
High-End Remodels Completed: Properties feature new roofs, new HVAC (central air and furnace), updated plumbing and electrical, new electrical panels with exterior meter bases, new windows, LVP flooring, remodeled kitchens and baths, fresh paint, and laundry hookups. Minor punch-list items remain for full turnkey status.
Property Details:
1135 N Bell St: Fully remodeled 2-story home. New roof, new AC, new electrical panel with exterior meter base, all new plumbing and electrical, new windows, new water heater.
1115 N Bell St: Totally remodeled 5 bed / 2 bath, 2-story. New roof, new windows, new electrical panel/meter/base, updated plumbing and electrical, central air, new water heater, updated baths, new flooring, laundry hookups.
1116 E Taylor St: 3/1 main house with finished basement bedroom, central HVAC, updated plumbing/electrical, huge 2-car garage. 550 sq ft ADU shell in rear (can become 2/1 with kitchenette; needs roof). Plenty of parking. Additional bathroom and bedroom potential in basement.
Strong Local Demand Drivers: Located near IU Kokomo, Ivy Tech, Community Howard Regional Health, Ascension St. Vincent, Chrysler/FCA plant, and Kokomo Speedway. High demand for quality rentals from students, medical professionals, and workforce tenants. Kokomo 46901 zip code showing steady appreciation and gentrification momentum.
Ideal for:
Cash-flow investors seeking immediate income with built-in rent growth
Value-add buyers looking to convert to duplex/triplex and ADU configurations
BRRRR or buy-and-hold strategies in a rising Kokomo market
Section 8 / voucher-friendly properties with strong tenant demand
Note: 1506 Main St is available separately (not included in this portfolio). It is a 3/1 currently rented at $1,300/mo on a year lease and can increase to $1,400/mo. Features new roof, detached 2-car garage, partially fenced yard, upgraded plumbing/electrical, new windows, and central AC/furnace.
Serious inquiries only. Proof of funds required for showings. Fast close possible with motivated seller.
Contact:
Jamie Franklin | Acquire JDF Corp
317-610-9834 | franklinjinvestments@gmail.com
www.reioffer.net
Property Facts
| Price | $439,000 | Number of Properties | 3 |
| Price / SF | $277.50 / SF | Individually For Sale | 0 |
| Cap Rate | 13.80% | Total Building Size | 1,582 SF |
| Sale Type | Investment | Total Land Area | 0.12 AC |
| Status | Active |
| Price | $439,000 |
| Price / SF | $277.50 / SF |
| Cap Rate | 13.80% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 1,582 SF |
| Total Land Area | 0.12 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 1116 E Taylor St, Kokomo, IN 46901 | Multifamily | 1,582 SF | 1945 | - |
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3 Kokomo Properties RENTALS