πŸ”₯✌️ No Banks!! Sub2 | 3.6% Interest | Great Fix And Flip Or Buy And Hold | Marion, Indiana✌️ πŸ”₯

Grant County, Marion, IN, 46952
Sold
Listed at: February 27th, 2024
Price
$87,000
ARV
$200,000
Gross Margin
$113,000
Sq. Footage
2586
Type
Single-Family
Parking
Driveway
Year build
1880
Lot size
0.19 acres
Bedrooms
4
Bathrooms
1
Half Bathrooms
1
Summary

 

πŸ”₯✌️  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. ✌️πŸ”₯ 

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:

πŸ›οΈ 4 bedrooms

πŸ› 1.5 baths

🏠 2,586 Sq. Ft.

πŸ’Έ 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.

πŸ“ Great location near the YMCA and Mississinewa Riverwalk.

🌟 This distinctive, two-story residence features a classic Victorian design with original woodwork, a fireplace and a porch.

πŸ“ Spacious bedroom with large closets (some walk-in), and the bathroom is very big, great for a luxury bathroom makeover.

πŸ”‘ Appeals significantly to flippers, first-time homebuyers, or investors seeking a rental opportunity. The property is ready for you to give it your touch.

πŸͺŸ 8 new windows and the rest of the widows do not need to be replaced.  

πŸ”¨ 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

 

⏩ 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.

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No Banks!! Sub2 | 3.6% Interest | Great Fix And Flip Or Buy And Hold | Marion, Indiana

Street View
Location
current deal
comparables
#2
available
$123k
sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
Contact

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