Buy this property for just $34K and spend a few thousand to make it rent ready. Structurally sound and currently occupied (tenant moving out May 31) and will need some updates.
You can do a complete “overhaul” with a new roof, new windows, new siding, new LVP flooring, paint, remodel current full bath and add a half bath for $26K (contractor bid provided). Or you can just address flooring, paint, and tub for less than half that.
Will rent for $700-800 depending on finishes (and if/how you finish the loft). House is in Selma, which is just 2 miles outside Muncie and people from Muncie are moving there because of the fantastic school system…this will be easy to rent.
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Frequently Asked Questions:
- Can you provide financing? NO
- Are tenants in place? YES
- Are tenants current? YES
- When does the tenant lease expire? MAY 31, 2021
- Who pays the utilities? (tenant or owner) TENANT
- Can you manage the rehab? NO
- Can you manage the property? NO
- 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 Monument Title to reserve the property.