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This house has 3 bedrooms, and will be a very strong rental for any portfolio. Only two things keep this house from being rent ready today. The first is a broken window and the second is that it needs a stove. So yes, it's almost rent ready today! With a few hundred dollars in "rehab", you'll be able to put a tenant inside the property and start collecting $675 per month in rental income.
The house is on a great block of Colorado. The house immediately south of 3114 is in the process of being rehabbed. And the lot to the north had a brand new house built on it, just last week!
We will note that the furnace and roof are both on the older side, but are still in good shape and have some life left in them.
We ran numbers with $5,000 in rehab so the minor repairs (window replacement and stove) could be addressed, and so that you have budgeted some money for the future replacements of the furnace and roof. Also, market rents could be slightly higher than our assumed $675/month, but we wanted to be on the safe side with our projections.
If you're looking for upwards of 14% returns on your money and this deal would be a good fit for your portfolio, please call or email right away. Also, be sure to click on the link above for all of the pictures.
If you'd like to reserve this deal, please contact me immediately:
Property is being sold 'as-is' and 'where-is' for cash or hard money
Buyer should do all due diligence needed before agreeing to buy. Any information provided is as a courtesy and is not warranted
To reserve the deal, you'll need to sign paperwork and submit $2,000 of non-refundable earnest money to Monument Title, located at 1848 N Alabama St, Indianapolis, IN 46202
Buyer shall pay all closing costs
If the deal isn't for you, let us know if there is someone else who might want it. We'll pay you a referral fee of $1,000 if you can bring us a buyer that we are able to work with!
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