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💥HOT Off Market💥 MARION, IN SFH Fix N Flip/Rental Opportunity PLUS Extra Lot!

$32,500 • 3 Beds / 1 Baths • 2,266 SqFt

Available

Offer Submission Deadline

House Type Single Family House
Bedrooms 3
Bathrooms 1
Year Built 1949
Approx.SqFt. 2266
Lot size SqFt. 4356
Garage No Garage

Description

HOT Off Market MARION, IN SFH Fix N Flip/Rental Opportunity PLUS Extra Lot!

Property Details:

Status: Vacant

Address: 2201 S Brownlee St, Marion, IN 46953

County: GRANT

Property Type: Single Family

Bedrooms: 3

Bathrooms: 1

Square Footage: 2,266

Year Built: 1900

Lot Size: 4,356 sqft + Extra side lot

This Single Family property located on a large corner lot just a few miles from Indiana Wesleyan University. This property are currently Vacant and will need a Medium to Heavy Rehab to bring it back to life. Below are some details of the majors that were observed during initial walkthrough.

HVAC: HVAC will need replacing.

Electrical: Copper wires, no issues observed

Plumbing: No leaks observed

Foundation: No issues observed

Roof: Will need replacing

Pricing Details:

Asking Price: $32,500

Minimum EMD: $3,000

Exit Strategy:

The ideal exit strategy for this property would be to buy it, perform a Medium level rehab, cash out and hold it long term while collecting the rental income. Or perform a Heavy level rehab and reap the gains at final resale. Rent rates in this area show that this property can rent out for around $1,200+/mo if 100% occupied.

Buyer Guidelines for Purchasing:

-$3K EMD - non-negotiable.

-Buyer pays all closing costs.

-First Come First Serve at asking price.

-Site unseen offers welcomed, considered, and accepted.

-If a showing is scheduled, highest and best offers taken after showing.

-You miss 100% of the shots you don't take so be sure to submit an offer.