5513-5535-5544 Main St

Description

Nine Units, Three Parcels, and a Development Story Worth ReadingA rare multi-parcel investment portfolio in the well-liked Marion corridor of Guilford Township — 9 residential units across 4 structures, 7 currently rented, generating approximately $60,000 in gross annual rent with meaningful upside still on the table.5513 Main St is a 2-unit over/under duplex (2BR + 1BR) pulling $1,250/month, plus two detached garages adding $300/month in supplemental income. 5525 Main St is a 3BR/2BA manufactured home renting for $650/month. 5544 Main St is the portfolio's anchor — a 4-unit raised rancher at approximately 3,700 sq ft housing one 3BR, one 2BR, and two efficiencies generating $2,625/month combined.5535 Main St is where a hands-on investor finds immediate upside: a 2-unit brick rancher with full basement, currently offline pending renovations, plus a large 32x60 block building with a second story floored loft, ideal for a contractor or mechanic once roof repairs are made. A detached garage at this parcel currently rents at $175/month. Bring all these online and the income picture improves significantly.The location adds another layer of appeal. Just roughly 100 yards away sits the Marion Athletic Association baseball complex — a popular, well-established 6.88-acre community gathering point that brings consistent activity and foot traffic to the corridor. Properties near active community anchors like this tend to attract stable, community-oriented tenants and hold their desirability over time.The longer-term play is where this portfolio truly separates itself. These parcels are served by public water, sit in Guilford Township's residential zone and adjacent to commercial zoning, and are positioned along a well-traveled corridor on the Molly Pitcher Highway. Guilford Township has public sewer infrastructure planned for this area — estimated as early as 2027. That is the inflection point. Once public sewer is in place, lot size requirements per dwelling unit decrease substantially, unlocking the potential to remove existing structures and redevelop the combined acreage as higher-density townhouse construction. Approximately 1.32 combined acres along a high-visibility Main Street corridor, with sewer coming — that is a compelling land position for a developer with patience and vision.For the investor not interested in ground-up development, a renovation strategy offers its own rewards. Completing the work at 5535, repairing the block building, and refreshing the existing units portfolio-wide could meaningfully increase both rents and asset value without waiting on municipal infrastructure.Buy for cash flow. Renovate for more. Or hold and redevelop when the timing is right. Schedule your private showing today.