Nice Rental with Cashflow + Value Add!

Marion County, Indianapolis, IN, 46226
Sold
Listed at: June 13th, 2021
Price
$85,000
ARV
$140,000
Gross Margin
$55,000
Sq. Footage
1184
Type
Attached
Parking
Assigned
Year build
1962
Lot size
7840.00 acres
Bedrooms
3
Bathrooms
1.5
Half Bathrooms
0
Summary

To Rent or Rehab your Choice


What we have here is a rented 3 bed and 1.5 bath ranch brick house located out on the eastside of Indianapolis, In. This house is equipped with Central AC and Gas Furnace heating, the kitchen was updated not too long ago along with a nice bonus space.


The property has a nice fenced-in backyard with an extra storage shed for storing things. There also is property being rehabbed and sold in the area so you could do whatever you wanted with a chosen exit plan. This house is currently being rented out for $750 a month and rents could be raised to around $1000-$1500 depending on finishes.


Property in the area is being refinished and sold in the near $130k-150k range. The property could use some finishing touches and this would be a homerun deal either way. SELL or RENT


ASKING

$85,000


*All properties are sold for cash or hard money. Agents and Brokers add your fees on top! A $2,500.00 non-refundable earnest money deposit must be made within 24 hours after the offer is accepted and 14 days or less closing period are required. *Poof of Funds is needed to get an accepted offer. *Direct and legally binding and assignable purchase and sale agreements have been executed between the owners/sellers for the purchase of this property and a memorandum of contract has been recorded. We are offering to sell our equitable interest in this property. This contract is available for purchase for an assignment fee included in the price shown above. Do not attempt to contact the seller/owner for any reason. Swift legal action will be taken. ZERO UNAPPROVED RE-MARKETING WILL BE TOLERATED. NO DAISY-CHAINING!
Street View
Location
current deal
comparables
#2
available
$123k
sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
Contact

James Vance

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Disposition manager