(Indianapolis, IN) ๐Ÿ”ฅCASH COW DEAL๐Ÿ”ฅ 2 Bed 1 Bath Buy & Hold Rental ๐Ÿค‘Starting at 76K๐Ÿค‘

Marion County, Indianapolis, IN, 46201
Sold
Listed at: March 20th, 2024
Price
$76,000
ARV
$152,114
Gross Margin
$76,114
Sq. Footage
1240
Type
Single-Family
Parking
Garage
Year build
1911
Lot size
0.10 acres
Bedrooms
2
Bathrooms
1
Half Bathrooms
0
Summary

๐ŸšจInvestment CASH COW Alert!๐Ÿšจ 

 

Call/Text me ASAP (503) 867-5505

 

Welcome to your next income-generating venture! This captivating single-family residence is tailor-made for buy-and-hold rental investors who crave success. Let's dive into the exciting details:

๐Ÿ  Property Type: Single Family

๐Ÿ’ฐ Price: Starting at $76,000, Buy Now at $81,000

๐Ÿ“ Square Feet: 1,240

๐Ÿ›๏ธ Bedrooms: 2

๐Ÿ› Bathrooms: 1

๐Ÿ  Basement: Yes, unfinished

๐Ÿš— Parking: 1 garage space, 2 covered carport

โ„๏ธ AC: Central AC

๐Ÿ  Roof: Replaced between 2017-2019

๐Ÿ‘จ‍๐Ÿ‘ฉ‍๐Ÿ‘ฆOccupancy: Currently Occupied by Tenants until 03/29

Investment Highlights:

  1. ๐Ÿ“ Prime Location: Positioned in a sought-after area, this property promises steady rental demand and potential appreciation.

  2. ๐Ÿก Solid Structure: Boasting a spacious layout of 1,240 square feet, this home offers cozy living spaces for tenants.

  3. ๐Ÿš— Parking Convenience: With a garage space and covered carport, parking headaches become a thing of the past, ensuring happy tenants.

  4. ๐Ÿ  Updated Roof: The roof has been recently replaced (2017-2019), guaranteeing durability and minimizing maintenance expenses.

  5. โ„๏ธ Central AC: Tenants will revel in the comfort provided by the central AC system, boosting tenant satisfaction and retention.

Opportunities for Improvement:

  1. ๐ŸŽจ Cosmetic Updates: Though structurally sound, a fresh coat of outside paint, inside paint, and updated flooring can work wonders in elevating its appeal and rental value.

  2. ๐Ÿšช Front Door Steps Repair: Addressing the concrete steps at the front door enhances curb appeal and ensures tenant safety.

๐Ÿ› ๏ธUnfinished Basement: If you choose to finish the basement, you can potentially add more livable space and justify a higher rent. 

Rental Potential:

  1. ๐Ÿ  Previous Rents: Previous rents were at $700/month.
  2. ๐Ÿ“Š Rental Comps: Rental comps in the area range easily between $1,000-$1,400/month, indicating significant potential for increased rental income.

Why Invest Here?

This property offers an unparalleled opportunity for savvy investors looking to secure long-term rental income. With an attractive starting bid and buy now price, coupled with the potential for value appreciation through strategic updates, this home is a golden ticket to investment success!

Don't let this golden opportunity slip through your fingers! Act now and seize this chance to dominate the Indy rental market. Reach out ASAP for more details or to schedule a viewing. ๐Ÿ“ž๐Ÿ ๐Ÿ’ผ

Buyers to perform their own Due Diligence. A member of the organization is licensed in the state of Indiana. www.PerformanceAssetsLLC.com
Street View
Location
current deal
comparables
#2
available
$123k
sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
Contact

Eric Severson

โ˜…โ˜…โ˜…โ˜…โ˜…
โ˜…โ˜…โ˜…โ˜…โ˜…
No reviews

Disposition manager