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Archived almost 6 years ago

$69,000

3 bd ba 1690 sqft

11939 Welland St, Indianapolis, IN 46229

Residential SFR Needs Repairs Off MLS

Current Rent **

$1,040

Projected Rent **

N/A

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Posted By:

Stacy Patlan

Indy's Far East Side CONDO!

Looking for a low maintenance rental property? Then check out this 3 bedroom 2.5 bath condo on Indy's far east side in the Cumberland area! Many owner occupied neighborhoods with strong rental comps. There are 12 condos in this division and recently a retired landlord sold 5 of his units for $75k EACH in 6 days on the market! We are bringing you this deal at a $6k discount off investor pricing! The 2 units that are most similar to ours are rented at $1,040! Don't wait on this one.

Property Highlights:
-Newer Hot Water Heater
-Newer Sump Pump
-Nice clean basement
-HOA fees cover exterior maintenance and repairs
-Main upstairs bath has been fully renovated summer of 2019

-New sewer line

-Fenced in backyard

CLICK HERE FOR PICTURES AND VIDEO:

https://drive.google.com/drive/folders/1d8bNg9df6oYA3BSMfA4W51EfaSStISUC

CLICK HERE FOR COMPS:
https://matrix.miborblc.com/Matrix/Public/Portal.aspx?k=908737X89QP&p=DE-61380419-746

As every investors scope of work differs, all this condo would need to start cash flowing is :

-Minor drywall repair (Very Minor)
-Paint
-New Flooring (optional)
-Power Wash Back Deck

Earnest Money Deposit: Non-refundable $2,500 secures purchase.

Purchase Terms:

*14 Day close or sooner unless occupant needs move-out time for occupied units (tbd)

*Buyer pays all closing cost

*Buyer pays normal taxes due at installment (not pro-rated)

*No contingencies of any kind (including inspections)

*Seller must deliver free and clear title

*Please perform your own due diligence as scope of work may vary.

Attention Realtors: We will pay $1,500 commission for bringing buyer.

*Contracting Party either owns or has equitable contractual interest in the property. Sale will either be in the form of an assignment of the purchase agreement between Contracting Party and Owner or a direct sale from Contracting Party to Buyer. Sale of the property is conditional on Seller of property providing acceptable title to the property.

**All properties are sold for cash or hard money. Buyer will need to verify information and funds.

***Contracting Party makes no representations or warranties, either express or implied, about the property. All descriptions of the property and pertinent information described in this message have been attained through public records, the County Assessor's office, or viewing of the property. The Seller also makes no warranties, either express or implied, as to the potential return of this property as an investment. The Buyer understands and acknowledges that any information in this message is not warrantied. The Buyer has conducted their own investigation of such information, and is choosing to purchase based on their own conclusion. Buyer is "as is and where is" with no contingencies.

****All properties are subject to errors, omissions, deletions, additions, and cancellations. No warranties, whether express, implied, written or oral have been made to the Buyer. The Buyer has conducted all desired due diligence, and has decided to make a purchase based off of their findings. Buyer understands they will pay all closing cost.

***** If the property is occupied, please do not disturb occupants as occupant/tenant rights do apply. Please contact us for access in

Location:

11939 Welland St, Indianapolis, IN 46229

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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.

** Current rent and projected rent are provided by the lister.

† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.

‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.