Exterior photo collage of the Kokomo, IN rental portfolio properties

Off-Market Portfolio — Kokomo, IN 46901

Exclusive Kokomo Investment Portfolio: 3 Cash-Flowing SFRs With Duplex, Triplex & ADU Upside

A currently cash-flowing off-market real estate portfolio at 1135 N Bell St, 1115 N Bell St, and 1116 E Taylor St in Kokomo, Indiana. All three properties are occupied on month-to-month leases with combined gross rents near $4,800/mo — and a documented path past $6,900/mo through rent increases, a duplex/triplex conversion, and an ADU build-out. High-end remodel work is already complete across the package.

3 Properties | Kokomo, IN 46901 | All Occupied (MTM) | Duplex/Triplex + ADU Conversion Upside

Request Full Package View Available Deals Email Acquire JDF

Investment Highlights

Key Numbers at a Glance

Currently cash flowing with immediate, low-capital upside — rent increases, a partition-wall duplex/triplex conversion, and an ADU build-out are the three fastest levers in this package.

Current Gross Rents $4,800/mo

Potential Gross Rents $6,900/mo

Gross Rent Upside +$2,100/mo

Lease Status All Month-to-Month

Systems New Roofs, HVAC, Electrical

Conversion Levers Duplex, Triplex, ADU

Financing Fit Cash Flow / BRRRR

Tenant Fit Section 8 / Voucher-Friendly

Individual Properties

Three Doors, Three Upside Levers

Every property in this Kokomo bundle has already received high-end remodel work — new roofs, HVAC, electrical panels and meter bases, plumbing, and windows — with a clear, low-capital path to higher rents.

View Full Photo Package

SFR

1135 N Bell St

Fully Remodeled 2-Story | Kokomo, IN 46901

Rent Upside +$100/mo

Current Rent$1,600/mo (MTM)

Market Rent$1,700/mo

StatusOccupied / Turnkey

Fully remodeled and effectively turnkey. New roof, new central air, a new electrical panel with an exterior meter base, all-new plumbing and electrical, new windows, and a new water heater. Minor punch-list items remain for full turnkey status.

Cash-flowing today — the smallest lift in the package, with a quick rent increase already identified.

View Photos — 1135 N Bell

SFR · Duplex/Triplex Potential

1115 N Bell St

5 Bed / 2 Bath | 2-Story | Kokomo, IN 46901

Rent Upside +$1,100/mo

Current Rent$1,700/mo

Converted Potential$2,800/mo

Conversion CostSimple Partition Wall

Totally remodeled: new roof, new windows, new electrical panel/meter/base, updated plumbing and electrical, central air, new water heater, updated baths, new flooring, and laundry hookups. The largest floor plan in the package.

Highest single-property upside — a simple partition wall addition converts this 5-bed layout into a duplex or triplex.

View Photos — 1115 N Bell

SFR · ADU Potential

1116 E Taylor St

3 Bed / 1 Bath Main House + ADU Shell | Kokomo, IN 46901

Rent Upside +$900/mo

Main House Rent$1,500/mo (MTM)

ADU Add-On+$900/mo (2/1)

GarageHuge 2-Car

3-bed / 1-bath main house with a finished basement bedroom, central HVAC, and updated plumbing and electrical. A 550 sqft ADU shell sits in the rear — currently an open shell needing a roof and a kitchenette to become a 2/1 rental. Plenty of parking, plus additional bathroom and bedroom potential in the basement.

Two upside paths in one address: finish the ADU shell for a second income stream, and/or finish the basement for added bed/bath count in the main house.

View Photos — 1116 E Taylor

Bundle Option Available

1506 Main St — Sell Separately or Bundle for a Better Deal

A fourth Kokomo property from the same seller. It can be purchased on its own, or combined with the 3-property Bell/Taylor portfolio for stronger pricing as a 4-property package.

Exterior of 1506 Main St, Kokomo, IN single-family rental

SFR · Standalone

Sold Individually

1506 Main St

3 Bed / 1 Bath | Kokomo, IN 46901

Rent Upside +$100/mo

Current Rent$1,300/mo (Year Lease)

Market Rent$1,400/mo

GarageDetached 2-Car

Currently rented at $1,300/mo on a year lease, with room to move to $1,400/mo. Features a new roof, a detached 2-car garage, a partially fenced yard, upgraded plumbing and electrical, new windows, and central AC and furnace.

Can be sold on its own, or bundled into the Bell/Taylor portfolio — ask Acquire JDF about combined pricing for all four properties.

View Photos — 1506 Main St

Value-Add Strategy & Market

Why Kokomo, Why Now

High-end remodel work is already done across this package — what's left is rent growth, a straightforward conversion, and an ADU build-out, all inside a Kokomo rental corridor with strong institutional and workforce demand drivers.

Completed Remodel Work & Conversion Opportunities

New roofs, new central HVAC (AC and furnace), and updated plumbing and electrical across the package.
New electrical panels with exterior meter bases, new windows, and new water heaters at 1135 and 1115 N Bell.
LVP flooring, remodeled kitchens and baths, fresh paint, and laundry hookups throughout.
1115 N Bell St converts to a duplex or triplex with a simple partition wall addition.
1116 E Taylor St's 550 sqft ADU shell can become a 2/1 with a roof and kitchenette added.
Basement finishing potential for additional bedrooms and a possible second bathroom at 1116 E Taylor.
Minor punch-list items remain across the package before full turnkey status.

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 buyers who want strong, documented tenant demand.

Move First On This Package

Contact Acquire JDF Directly

Three cash-flowing, remodeled Kokomo rentals with duplex, triplex, and ADU upside — plus a fourth property at 1506 Main St that can be bundled in. Call or email Jamie Franklin directly for full underwriting, photo access, and the rest of our off-market real estate and wholesale deals Indiana inventory.

Direct access to our cash buyer network and current off-market inventory.
Creative deal structure options for qualified buyers and partners — must cover existing mortgage payoffs.
Real estate mentorship and deal-flow conversations for active investors.