Get ready for school tenants with this college rental! For Sale

  • $55,000
  • 2 beds
  • 1 baths
  • 1,160 sqft

Property Address: 317 Milton Ave, Anderson, IN 46012

Located next to Anderson University, this property is 95% ready for new tenants (with already installed new carpet that just needs to be stretched to be finished, a few windows to be replaced, and some kitchen appliances to be added). The last few school years – this property rented for $750 (good tenants got a discount / paid below market rates). Rental Zestimate is $838 – and as high as $900 is very possible!

With over 1100 square feet, this house officially has 2 bedrooms – (with a closet-less bonus room that has also been used as a bedroom from time-to-time) – and 1 well-maintained bath. The backyard is fenced and there is ample parking next to the property as well!
Roof is in good shape with many years of life to come; comps actually support ARV potential over $100K (with realtor.com valuing the property at $100K right now)!
Be all-in for $60 to $65K – and get cash-flow well above 1% too.

Contact us to reserve this property now!

CLICK HERE to see more information on investing in Anderson

 

Frequently Asked Questions:

  1. Can you provide financing? NO
  2. Are tenants in place? NO
  3. Are tenants current? NA
  4. When does the tenant lease expire? NA
  5. Who pays the utilities? (tenant or owner) TENANT
  6. Can you manage the rehab? NO
  7. Can you manage the property? NO
  8. Can I lease it from you? NO

What to expect:

  • Property is being sold ‘as-is’.
  • The buyer should do all due diligence needed before agreeing to buy. Any information provided is as a courtesy and is not warranted
  • The buyer will need to sign paperwork and submit $2,000 of non-refundable earnest money to a title company specializing in investment properties to reserve the property.
Price:
$55,000
Address:
317 Milton Ave
Anderson, Indiana 46012
Square Feet:
1,160
Lot Size:
3,844
Bedrooms:
2
Bathrooms:
1
Terms:
For Sale
Property Type:
Home
Year Built:
1899
Const. Type:
Wood Frame

Call 866-335-3739 for more details

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