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PROPERTY STATUS:
BASIC DETAILS:
- Address, City, State, Zip Code: 3059 Newton Ave, Indianapolis, IN 46201
- Asking Price: $49,990
- Type of Property (i.e. SFH, multi unit, commercial): SFH
- # of Levels (i.e. 2 story home): 1
- Year Built: 1910
- Finished Sq. Ft: 926
- # Of Bedrooms: 2
- # Of Baths: 1
- Basement? (Y or N): Crawl
- Garage (i.e. 2 car, none, etc): 1
PROPERTY FEATURES/ADDITIONAL DETAILS: (provide additional property details below)
Pictures of the Interior Coming Soon
Tenant Section 8 - $600/month lease end date 9/30/2021 - Rent can be increased at that time
Market Rent $700 Conservative
Recent Area Rents Include:
- 215 South Temple Avenue, Indianapolis, IN 46201 Leased 12/3/19 $675 Smaller - Average/Fair Condition - No Garage
- 421 Leeds Avenue, Indianapolis, IN 46201 Leased 6/1/20 $650 Smaller - Fair Condition - No Garage
- 418 Leeds Avenue, Indianapolis, IN 46201 Leased 9/9/20 $850 No Garage
ARV $67,500
Recent Sales Include:
- 319 South Rural Street, Indianapolis, IN 46201 SOLD 7/22/20 $70,000
- 409 South Parker Avenue, Indianapolis, IN 46201 SOLD 10/9/20 $55,000 Only 736 sqft
- 436 South OXFORD Street, Indianapolis, IN 46201 SOLD 7/15/20 $73,000
PROFORMA
|
RENT |
$700.00 |
TAXES |
$83.32 |
INSURANCE |
$41.66 |
MANAGEMENT |
$70.00 |
MAINTENANCE & VACANCY |
$119.00 |
NET INCOME |
$386.03 |
CAP RATE |
9.27% |
- 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 Information:
Andrew Griffin
Andrew@neurealestategroup.com
317-750-6820 call or text
CONTACT DETAILS:
- Name/Company: Andrew Griffin
- Email: homestarstrategies@gmail.com
- Phone: 317-750-6820
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