4101 S Dixon Road, Kokomo, IN
$ 1,250,000
Property Attributes
  • MLS#21911301
  • TypePending
  • CountyHOWARD
  • CityKokomo
  • AreaCenter
  • Zip46902
  • StyleMulti-Family 5+
  • Taxes$ 566
  • Price$ 1,250,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage6374
  • Lot Size0.35 Acres
Data Source:
Metropolitan Indianapolis MLS (MIBOR)
Property Description

Excellent opportunity to launch or expand your SFR presence in Kokomo, IN w/ this 19 property Portfolio. This diversified &stabilized (with upside) property mix includes 18 Single Family Homes & a Two Tenant Office Property. Fourteen of the eighteen SFRs rent as long term rentals with MTM leases for flexibility. The remaining four rent as short term rentals, but generally have repeat long-term stays. The office building has long term tenants with stabilized leases. A local property manager handles virtually everything for a minimal touch investment.

Elementary School Middle School High School
Western Primary School Elementary School Western Middle School Western High School
Price History
3/20/2023 Listed $1,250,000

General Features

Additional Parcels Description 34-03-25-364-011.000-002
Additional Parcels Y/N Yes
Cap Rate 9
City Kokomo
County Howard
Current Financing Cash Only
Current Use Office
Days on Market 54
Directions 2 streets N of SR 26, just SW of Alto Rd. Cross streets includes CR S 200 W and Mill Street. Property is adjacent from Harrison Township Fire Department.
Disclosures Not Applicable
Elementary School Western Primary School
High School Western High School
High School District Western School Corporation
Insurance Expense 879
Legal Description O P ALTO LOTS 5 & 6
Lot Size Square Feet 15246
MLS Area 3408 - Howard - Center
Middle/Junior High School Western Middle School
Net Operating Income 10486
New Construction No
Operating Expense 4493
Ownerpays Insurance, Taxes, Sewer, Water
Possession Closing
Property SubType Multi-Family 5+
Property Type Commercial Sale
Roof Other
Standard Status Pending
Status Pending
Stories 2
Street Name Dixon
Subdivision Name No Subdivision
Tax Lot 5 & 6
Tax Year 22
Tenant Pays Cable TV, Electricity, Gas, Insurance, Trash Collection, Other
Total Units 19
Township Center
Utilities Electricity Connected
Zoning C1

Interior Features

Livingareasource Plans
Street Suffix Road

Exterior Features

Building Area Total 6374
Lot Size Acres 0.35
Parking Features Common
Road Surface Type Asphalt


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Pending Average in 46902

AVG $310K
AVG $1,143
AVG 37
Data Provided by Inside Real Estate®
AVG 33
Data Provided by Walkscore® not using MLS data

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