π₯βοΈ No Bank Needed! Sub 2 Deal! Enjoy Great Interest Rates, Expansive Square Footage with Spacious Rooms, Original Wood and a Solid Foundation—All in One Charming Home. βοΈπ₯
A true Victorian home, waiting for you to bring its classic woodwork and charming porch back to life. Located near the YMCA and Mississinewa Riverwalk, it offers a prime location. Ideal for those ready to restore its beauty, this property can become an enchanting home or a profitable rental, boasting large square footage and four spacious bedrooms.
CALL ME AT 317-537-7644
PROPERTY DETAILS:
ποΈ 4 bedrooms
π 1.5 baths
π 2,586 Sq. Ft.
πΈ This property is the most affordable option for its size and quality in the area, with the added appeal of a Subject To (SUB2) financing option.
π Great location near the YMCA and Mississinewa Riverwalk.
π This distinctive, two-story residence features a classic Victorian design with original woodwork, a fireplace and a porch.
π Spacious bedroom with large closets (some walk-in), and the bathroom is very big, great for a luxury bathroom makeover.
π Appeals significantly to flippers, first-time homebuyers, or investors seeking a rental opportunity. The property is ready for you to give it your touch.
πͺ 8 new windows and the rest of the widows do not need to be replaced.
π¨ High-Ticket Items: Roof, Flooring, Hot Water Heaters, Furnace, Exterior.
CALL ME AT 317-537-7644
Deal Terms:
- Purchase Price: $87,000
- Total Entry Fee: $49,000 (+ closing cost)
- Mortgage Balance: $38,000
- Regular Payment Amount(PITI): $814.58
- P&I 630.91
- Tax 82.75
- Insurance 100.92
- Interest Rate: 3.6%
- No Balloon
- Proof of Funds and $5k non-refundable EMD due within 24 hours of signing
β© Exit:
- LTR - $1100
- ARV - $190,000 - $210,000
COMPS
https://bit.ly/3IbLSiD: SOLD $249,900
- 5 bd, 3ba, 2, 902 sqft, 1889-
- Remodelled, slightly bigger, more rooms
https://bit.ly/42Uu3ye: SOLD 199K
- 3bd, 3ba, 2,648 sqft, 1900
- Remodelled, fewer rooms, smaller footage
CALL ME AT 317-537-7644
Property is being sold as-is and the buyer is to pay ALL closing costs. Price is based on a cash or hard money offer. All properties offered are owned by us, under contract and selling equitable interest, or offered with a business associate. Agents, please add your commission to the sales price paid for by the buyer. Buyer to inspect the property and do due diligence. Statistics and figures, while taken from sources generally considered to be reliable, are not guaranteed, and all potential buyers should conduct their own research and due diligence. A legally binding purchasing contract with a memorandum has been signed with the Seller giving this company exclusive rights to purchase the property. DO NOT CONTACT THE OWNER/SELLER without our explicit consent. Any attempts to renegotiate or make contact with the owner will result in legal action.
No Banks!! Sub2 | 3.6% Interest | Great Fix And Flip Or Buy And Hold | Marion, Indiana
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