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Kokomo, IN SFR Portfolio 35 Build-to-Rent Properties in Kokomo, IN
INVESTMENT HIGHLIGHTS
- Thirty-five (35) single-family home portfolio for sale Thirty-seven (37) doors
- All utilities paid by tenants, except for the triplex (719 W. Walnut)
- Increasing SFH demand in the Kokomo area
- Thirty-seven (37) doors
- Major renovations made throughout portfolio
EXECUTIVE SUMMARY
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.
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.
DATA ROOM Click Here to Access
- Offering Memorandum
- Operating and Financials
PROPERTY FACTS
| Sale Type | Investment | Individually For Sale | 0 |
| Status | Active | Total Property Size | 41,264 sq ft |
| Number of Properties | 35 | Total Land Area | 5.11 ac |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 35 |
| Individually For Sale | 0 |
| Total Property Size | 41,264 sq ft |
| Total Land Area | 5.11 ac |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 934 E Mulberry St, Kokomo, IN 46901 | Build-to-Rent | 3,360 sq ft | 1914 | - |
| 1523 S Washington St, Kokomo, IN 46902 | Build-to-Rent | 2,240 sq ft | 1915 | - |
| 719 W Walnut St, Kokomo, IN 46901 | Build-to-Rent | 2,000 sq ft | 1900 | - |
| 1033 S Washington St, Kokomo, IN 46902 | Build-to-Rent | 1,993 sq ft | 1910 | - |
| 913 N Morrison St, Kokomo, IN 46901 | Build-to-Rent | 1,852 sq ft | 1915 | - |
| 808 E Elm St, Kokomo, IN 46901 | Build-to-Rent | 1,728 sq ft | 1924 | - |
| 1104 S Goyer Rd, Kokomo, IN 46902 | Build-to-Rent | 1,616 sq ft | 1924 | - |
| 821 S Market St, Kokomo, IN 46901 | Build-to-Rent | 1,358 sq ft | 1889 | - |
| 1726 N Leeds St, Kokomo, IN 46901 | Build-to-Rent | 1,344 sq ft | 1918 | - |
| 907 E Taylor St, Kokomo, IN 46901 | Build-to-Rent | 1,256 sq ft | 1894 | - |
| 914 W Jefferson St, Kokomo, IN 46901 | Build-to-Rent | 1,230 sq ft | 1890 | - |
| 1209 Columbus Blvd, Kokomo, IN 46901 | Build-to-Rent | 1,224 sq ft | 1951 | - |
| 817 S Locke St, Kokomo, IN 46901 | Build-to-Rent | 1,159 sq ft | 1890 | - |
| 1300 S Washington St, Kokomo, IN 46902 | Build-to-Rent | 1,126 sq ft | 1900 | - |
| 915 E North St, Kokomo, IN 46901 | Build-to-Rent | 1,094 sq ft | 1923 | - |
| 903 N Armstrong St, Kokomo, IN 46901 | Build-to-Rent | 1,080 sq ft | 1905 | - |
| 2042 White Oak Dr, Kokomo, IN 46901 | Build-to-Rent | 1,080 sq ft | 1998 | - |
| 614 E Vaile Ave, Kokomo, IN 46901 | Build-to-Rent | 1,000 sq ft | 1970 | - |
| 701 E Broadway St, Kokomo, IN 46901 | Build-to-Rent | 1,000 sq ft | 1970 | - |
| 1725 S Union St, Kokomo, IN 46902 | Build-to-Rent | 988 sq ft | 1911 | - |
| 727 E North St, Kokomo, IN 46901 | Build-to-Rent | 976 sq ft | 1925 | - |
| 1201 S Delphos St, Kokomo, IN 46902 | Build-to-Rent | 960 sq ft | 1916 | - |
| 1638 W Elm St, Kokomo, IN 46901 | Build-to-Rent | 864 sq ft | 1956 | - |
| 1035 17th St, Kokomo, IN 46902 | Build-to-Rent | 840 sq ft | 1920 | - |
| 1904 W Vaile Ave, Kokomo, IN 46901 | Build-to-Rent | 828 sq ft | 1951 | - |
| 207 W Broadway St, Kokomo, IN 46901 | Build-to-Rent | 816 sq ft | 1910 | - |
| 1201 S Calumet St, Kokomo, IN 46902 | Build-to-Rent | 792 sq ft | 1915 | - |
| 1230 S Ohio St, Kokomo, IN 46902 | Build-to-Rent | 792 sq ft | 1940 | - |
| 1033 17th St, Kokomo, IN 46902 | Build-to-Rent | 748 sq ft | 1920 | - |
| 1141 S Calumet St, Kokomo, IN 46902 | Build-to-Rent | 728 sq ft | 1916 | - |
| 1715 S Buckeye St, Kokomo, IN 46902 | Build-to-Rent | 672 sq ft | 1949 | - |
| 1216 S Purdum St, Kokomo, IN 46902 | Build-to-Rent | 672 sq ft | 1949 | - |
| 1317 17th St, Kokomo, IN 46902 | Build-to-Rent | 652 sq ft | 1947 | - |
| 2325 N Locke St, Kokomo, IN 46901 | Build-to-Rent | 624 sq ft | 1944 | - |
| 2325 N Buckeye St, Kokomo, IN 46901 | Build-to-Rent | 572 sq ft | 1928 | - |
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