You could get this property for an absolute steal!! Lebanon is highly sought-after town known for great schools, exciting festivals and unique dining experiences. Being that it is only 28 miles northwest of Indianapolis, it's just far enough outside of the city to draw those looking for a little more peace and quiet away from the hustle and bustle of the city. It is going to continue to grow in demand as Lebanon is creating many job opportunities with Eli Lillys 2.1 Billion Dollar manufacturing plant. This could be an investors dream!! Open to ALL reasonable offers!!

Property Specs:

SFH-single story home

3 Beds, 1 Bath

Total SqFt: 1,324

A great amount of street parking, drive access down the side of the property, and potential for 3-4 car parking behind the house. (2 car space of gravel area)

Plenty of space to add an attached garage or detached garage.

Property Features:

Strong foundation, and solid bones.

Charming front street view of the home.

Covered front enclosed porch with amazing landscaping potential.

Great parking and drive through access to the back of the property.

Nice size front yard trimmed out by the sidewalk and drive

Large back yard that with parking space. Could also be a large area to build a garage or add onto the house.

Occupancy/Rent & Lease Info:

Vacant

ARV: $210,000

Estimated rehab cost $45,000

Awesome Fix and Flip

Long Term Rents:

$1250/mo -$1350/mo per unit

Estimated rehab cost: $35,000

Short Term Rents: Air DNA anaysis

Annual Revenue: $16,500

Average Daily Rate: $77.00

Occupancy Rate: 59%

Contract Details:

Closing Date - TBD

2020 Realistate Taxes:1,344.96

Buyer pays all associated closing costs

Bidding/Offer Process:

Important: All due diligence and/or inspections need to be done prior to submitting your offer. Please don't submit an offer unless you have every intention of following through to close. Buyers who back out after the offer deadline will be removed from the buyers list.

Starting Bid:

To make an offer on this property, simply click the blue 'Make An Offer' button above and fill out the short form.

Cash, Private Money, Hard Money & Commercial Loans Accepted. Conventional financing is not accepted.

Earnest Money: $5,000 Due At Assignment Of Contract

Buyer shall pay a Transaction Coordination fee of $375.00 at closing

Offer Periods:



All Buyers Offer Deadline: February 10, 2023 by 1 pm

Note: If an offer is accepted by a VIP Buyer during the VIP Offer period, then the deal will not be available to all buyers. A second communication will be sent if the second offer period opens!

Not a VIP yet? Our VIP Buyer Program is the easiest way to buy off-market deals in NEWI! Get started here!

Please be sure you're familiar with the 'Terms Of Purchase', found in the 'Documents' section, prior to making an offer.

AS A RULE: we don't show properties. We have everything provided for you to see all property details through our pictures, videos, and documents section. We encourage any questions and ask that you contact our Dispositions Manager for anything that you need. Exceptions may be provided under certain circumstances.