πŸ’ŽπŸ’ŽπŸ’Ž Diamond in the ROUGH!!! Rent Ready 4 Bedroom Terre Haute!!! πŸ’ŽπŸ’ŽπŸ’Ž

Vigo County, Terre Haute, IN, 47804
Sold
Listed at: June 24th, 2024
Price
$55,000
ARV
$140,000
Gross Margin
$85,000
Sq. Footage
1472
Type
Single-Family
Parking
Street
Year build
1895
Lot size
0.23 acres
Bedrooms
3
Bathrooms
1
Half Bathrooms
0
Summary

🏑 Investment OpportunityπŸ’Ž in the rough: 4-Bedroom Gem with Value-Add Potential! This is a typical pride of ownership house that has been in the family for 50+ years🏑

Features:  

4 Bedrooms: Plenty of space for a growing family or tenants!!!

  • Updated Bathroom: Modern fixtures and fresh tiles.
  • Kitchen Updated within 20 years with Oak finish cabinets
  • Recent Electrical and Plumbing: Peace of mind for the long term.
  • 5-Year-Old Roof: Solid protection against the elements.
  • Basement: Yes, it’s a dirt floor, but could easily poor concrete but why when its been dirt for 130 years! 
  • 10 YR Old Furnace and Water Heater but functions
  • A chance to upgrade and increase efficiency. Attic with Stairs: Ready for finishing touches—extra living space awaits!
  • Utility Room: Laundry hook-ups for convenience.
  • Price-to-Rent Ratio: Almost 2%—a fantastic investment metric with rents nearing $1100.
  • πŸ”‘ Why This Property?  Off-Market: Exclusive opportunity for savvy investors.
  • Value-Add Potential: Basement and attic upgrades can boost ROI. Desirable Location: Close to amenities, schools, and transportation.
  • Strong Rental Demand: Ideal for cash flow or long-term appreciation. πŸ“ˆ Financial Snapshot:  Asking Price: $60,000 Estimated Rent: $1,100 Price-to-Rent Ratio: Nearly 2%—a rare find!

***This property flips the bill for any exit strategy including fix/flip with comps averaging in the $99/ft. This is truly a diamond in the rough opportunity***

 

COMPS:

1914 N 10th St
Terre Haute, IN 47804

2049 N 24th St
Terre Haute, IN 47804

1433 Grand Ave
Terre Haute, IN 47804

2049 N 24th St
Terre Haute, IN 47804

1433 Grand Ave
Terre Haute, IN 47804

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

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