3 Kokomo Properties RENTALS 1 Multifamily Properties Offered at $690,678 CAD in Kokomo, IN

?? Exclusive Kokomo Portfolio: 1135 N Bell St, 1115 N Bell St, & 1116 E Taylor St, Kokomo, IN 46901
3 Turnkey SFRs w/ Duplex/Triplex/ADU Conversion Explosive Upside | 11 Bed / 4 Bath Total (Scalable to 14+ Bed / 6+ Bath)
?? Property Snapshot
Type: 3 Single-Family Homes (Prime for Multi-Family/ADU Transformations – Multiple Entrances, Levels, & Separate Structures)
Sqft: ~4,880 Total (1135: 1,784 w/ 4BR/1BA, Two Beds Up/Down; 1115: 1,596 w/ 4BR/2BA, Multi-Level Layout; 1116: 1,000-1,100 + Basement Room & 400sqft ADU w/ 3BR/1BA Main + Potential 2/1 ADU)
Lot Size: ~14,811 sqft Total (0.34 acres – Ample for Parking/Expansions; Corner Lots at 1135/1115 Boost Visibility)
Years Built: 1900 (1135/1115), 1945 (1116)
Condition: High-End Near-Turnkey Remodels (95%+ Complete on 1135/1116; 85% on 1115) – All Feature New Roofs, HVAC (Central AC/Furnace; Electric Swap at 1115), Plumbing/Electrical, LVP/Carpet Flooring, White Shaker Cabinets, Remodeled Kitchens/Baths (Lighted Mirrors, Vanities, Showers), Fresh Paint, New Doors/Fixtures/Fans, Newer Windows, Water Heaters, Laundry Hookups; Minor Punch-Outs (Finishes, Vandalism Repairs, Meter Installs – Turnkey in Days/Week)
Visual Overviews: 1135 – Charming 2-Story Corner Home w/ White Siding/Black Roof, Bright Interiors w/ LVP Main, Carpet Beds, Arched Doorways, Attic-Style Upstairs; 1115 – Spacious 2-Story White Exterior w/ Porch, Modern LVP/Carpet Mix, Multiple Bedrooms w/ Fans, Tiled Baths; 1116 – Compact Ranch w/ Beige Siding, LVP Throughout, Carpet Beds, Open ADU Shell in Back w/ 2-3 Car Garage/Driveway
Occupancy: Vacant – Immediate Access for Inspections/Leasing/Conversions; Clean Titles, Motivated Seller for Fast Close
Gross Rents: N/A (Vacant – Prime for Instant Cash Flow; Projected $5,000–$6,500/mo LTR as SFRs; $7,000–$9,500/mo w/ Full Conversions/Optimizations)
?? Valuation & ARV Range
ARV Estimate (Current SFRs): $510K–$590K (1135: $180K–$200K; 1115: $180K–$200K; 1116: $150K–$190K)
ARV Estimate (w/ Duplexes/Finished ADU): $620K–$740K+ (20–30% Uplift via Conversions – 1135/1115 to Duplexes; 1116 ADU to 2/1)
Top Comps (Highest Renovated 3-4 Bed/MF in 46901, Last 12 Mo): $309K (4/3, 3,696sqft Oct '25), $269K (4/2, 1,560sqft Jul '25), $252K (4/2, 2,549sqft Apr '25), $250K (4/2.5, 1,872sqft Mar '25), $199K (3/1.5, 1,352sqft) – Premiums for Updated/MF Assets; Kokomo Median $149K–$162K Rising 5–7% YoY in 46901 w/ Gentrification Push
?? DSCR Loan Analysis (Estimate)
Gross Income (SFR LTR): $5,000/mo = $60,000/yr
Gross Income (w/ Conversions/Optimizations): $8,000/mo = $96,000/yr
Est. Expenses (30-35%): $18,000–$33,600/yr (Taxes ~$3,000 Total Assessed, Ins/Maint/Vacancy)
NOI (SFR): ~$42,000/yr | NOI (Optimized): ~$67,200/yr
Est. DSCR: 1.40–1.60 (SFR) / 1.75–2.00+ (Optimized)
Based on 20–25% Down, 7.25–7.5% Rate, 30-Yr Amort. – Strong Qualification Above 1.25 Min; Passive Investor Dream w/ Scale
?? Investor Highlights
? Cash Flow Day 1: Lease as SFRs for $5,000–$6,500/mo (Section 8/VASH/Rapid Rehousing Eligible – Howard County Vouchers Up to $1,100–$1,400/Unit; Tenants Pay Utilities for 10–15% NOI Boost) – Rare Vacant Portfolio for Immediate Custom Leasing
? Max Rent Potential: SFR Market Rents $4,500–$5,500/mo (Under-Market Upside via Annual 3–5% Hikes); Duplex Conversions (1135/1115: Add Baths/Kitchens/Metering ~$15–$30K/Prop) Push $6,000–$8,000/mo (4x 2/1 Units at $900–$1,200/ea); Finish 1116 ADU (~$15–$20K w/ Mini-Split/Kitchenette) Adds $800–$1,000/mo – Total Portfolio $7,000–$9,500/mo w/ Optimizations
? Rent-by-Room Optimization: Convert to 11–14 Rooms ($500–$700/Room/mo = $5,500–$9,800/mo Total) – Add Kitchenettes/Privacy Locks/Storage (~$10–$20K/Prop); High Demand for Affordable Shared Housing Near Colleges/Employers; Sober Living/Halfway House Setup ($8,000–$12,000/mo Portfolio – 10–12 Beds at $700–$1,000/ea; Certify for Subsidies like Howard County Programs)
? Airbnb/STR Max: $300–$450/Night Total (55–65% Occ. ~$7,200–$10,400/mo Gross; Dynamic Pricing for Events like Kokomo Speedway Races/Festivals; Multi-Unit Layouts Ideal for Groups/Families – 1116 ADU as Separate Guest Suite Boosts Bookings 20–30%)
? Value-Add Opportunities: MF Conversions (Multiple Entrances/Levels Visible in Photos – Zoning Allows w/ Special Exceptions; ~$50–$80K Total for Walls/Baths/Kitchens/Metering – 25–35% ARV/Rent Lift); ADU Finish at 1116 (Open Shell to 2/1); Add Egress Windows/Baths for Legal Beds (Upscale to 14+ Beds); Cosmetic Upgrades (Laundry Units, Parking Spots, Storage Lockers – Add $200–$400/mo/Prop); Utility Bill-Backs/Paid Parking; Garage Conversions (1116 2-3 Car to Income Units); BRRRR for 60–70% Equity Pull; Utility/Tech Upgrades (Solar/Smart Locks for Efficiency)
? Nearby Demand Drivers: IU Kokomo/Ivy Tech (1–2 mi – Student/Group Rentals); Community Howard Regional Health/Ascension St. Vincent (1–2 mi – Medical/Corporate Housing); Chrysler/FCA Plant (Major Employer – Workforce Demand); Seiberling Mansion/Parks/Entertainment Districts; Kokomo Speedway/Stadiums; Transit Lines; Redevelopment Zones in 46901 Driving Gentrification/Rent Growth – FOMO Alert: This Portfolio Sits in a High-Upside Pocket Poised for 15–20% Annual Appreciation!

?? Looking for More Off-Market Inventory?
?? Single-Family Rentals
?? Duplexes, Triplexes, & Quads
?? Turnkey Cash Flow Properties
?? Light-to-Heavy Rehab Projects
?? Creative Financing & Seller Carry Deals
?? Browse full inventory at: www.reioffer.net
?? Contact Jamie Franklin | Acquire JDF Corp | 317-610-9834