• Property Type
  • Single Family Residence, Residential
  • 3
  • Bedrooms
  • 1
  • Bathroom
  • 1
  • Garage
  • 1805 Sqft
  • Area Size
1202 Home Avenue, Anderson, IN 46016
  • $70,000
  • $70,000

Description

No Wholesaler offers will be considered. Proof of funds and all contracts must be in the name of the end user. All showings require proof of funds, no exceptions. Financing Type: Cash, Conventional Financing Keep it as a rental and raise rents to fair market value (Shortage of Section 8 Housing in Anderson. See upside remarks below) Current Rent: $1,200/month Section 8. Upside Potential: According to the 2024 HUD Fair Market Rents (FMRs) for the 46016 Zip Code, there is substantial room for rent increase, with the potential to raise total rent to $1,468. Property can be sold as a package deal. (See remarks below) Listing Broker has a spreadsheet with underwriting analysis on investment property, PDF copy of the underwriting on file. If represented by an outside agency, connect your representative. In order to receive financial information and data analysis buyers must register through the listing broker even if represented by an outside agency. Please note: Interior of property has not been examined due to tenant occupancy. All financial projections and data are based on available information and should be independently verified by the buyer. Once under contract, buyers may conduct physical inspection to verify the condition of property. Property is being sold as-is.

  • Address: 1202 Home Avenue
  • City: Anderson
  • State/county: IN
  • Zip/Postal Code: 46016

Details

Updated on August 20, 2024 at 5:06 am
  • Property ID 21965041
  • Price $70,000
  • Property Size 1805 Sqft
  • Land Area 0.24 Acres
  • Bedrooms 3
  • Rooms 3
  • Bathroom 1
  • Garage 1
  • Garage Size x x
  • Year Built 1849
  • Property Type Single Family Residence, Residential
  • Property Status Expired

Additional details

  • Cooling Other
  • Heating Other
  • County Madison
  • Property Type Residential
  • Middle School Highland Middle School
  • Architectural Style Other

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Contact Information

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Preeti Chaggar

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