PROPERTY STATUS:
BASIC DETAILS:
- Address, City, State, Zip Code: 7227 E 35th St, Indianapolis, IN 46208
- Asking Price: $72,499.00
- Type of Property (i.e. SFH, multi unit, commercial): SFH
- # of Levels (i.e. 2 story home): 1
- Year Built: 1959
- Finished Sq. Ft: 1181
- # Of Bedrooms: 3
- # Of Baths: 1
- Basement? (Y or N): N
- Garage (i.e. 2 car, none, etc): 1 Car Attached
PROPERTY FEATURES/ADDITIONAL DETAILS: (provide additional property details below)
No known issues - No Repairs needed in order to achieve market Rents
Water Heater 2019
Furnace 2014
Roof - Good
Central Air
Air Conditioner Unit - Working
Tenant Section 8 - $644/month lease end date 8/31/2021
Market Rent $900
Recent Area Rents Include:
3137 North Richardt Ave, Indianapolis, IN 46226 Leased 8/21/20 $925
3630 North Kline Court N, Indianapolis, IN 46226 Leased 5/6/20 $900
3137 North Richardt Ave, Indianapolis, IN 46226 Leased 7/30/20 $895
ARV $100,000
Recent Sales Include:
7226 E 34th Street, Indianapolis, IN 46226 SOLD 8/7/20 $98,000
7310 East 34th Place, Indianapolis, IN 46226 SOLD 5/11/20 $105,000
PROFORMA
*no rehab needed to achieve market rent
|
RENT |
$900.00 |
TAXES |
$120.83 |
INSURANCE |
$60.42 |
MANAGEMENT |
$90.00 |
MAINTENANCE & VACANCY |
$135.00 |
NET INCOME |
$493.75 |
CAP RATE |
8.17% |
PROPERTY CONDITION CHECKLIST |
|
EXCELLENT |
GOOD |
AVERAGE |
POOR |
N/A |
ROOF |
|
|
X |
|
|
FOUNDATION |
|
X |
|
|
|
FURNANCE |
X |
|
|
|
|
WATER HEATER |
X |
|
|
|
|
A/C UNIT |
|
X |
|
|
|
WINDOWS |
|
X |
|
|
|
COSMETICS |
|
X |
|
|
|
- Tenant in-place. Do NOT Disturb Tenant
- Turnkey Investor Property
- Recent carpet and paint
- Has all appliances
- NO showing/inspection without signed contract and earnest money deposit
- If you are interested in viewing this property, please respond to this email or contact me at 317.750.6820
WE LOVE WORKING WITH REALTORS!
- If you have a CASH buyer for this property, please add your own fee on top of our listed price.
- Property is being sold as-is, where-is.
- All figures expressed either verbally or in marketing material is to be an estimate. There are no guarantees or assumptions, either made or implied. Buyer should conduct their own due diligence.
- Our properties sell quickly to our highest and best offer.
- Property is to be sold to INVESTOR CASH BUYERS only.
- Buyer shall be responsible for paying ALL associated closing costs including title insurance fee, and assumes taxes due in November or May of this year.
- In order to secure purchase, Buyer must deliver a $2,500 NON-REFUNDABLE earnest money check to the title company.
CONTACT DETAILS:
- Name/Company: Andrew Griffin
- Email: andrew@homestarstrategies@gmail.com
- Phone: 317-750-6820